Spain: Reduced VAT Rates on Face Masks and Electricity Extended and Zero Rate on Basic Foods
As announced by the Spanish Ministry of Finance on 27 December 2022 and pursuant to Royal Decree-Law 20/2022, the reduced VAT rates applied to supplies
Region: Spain
Spain: Eliminating Use and Enjoyment on Electronic Services Effective 1 January 2023
The Spanish General State Budget for 2023 was published on 24 December 2022. Among the changes is the removal of the use and enjoyment rule
Spain: New Modelo 480 Published
On the 19 December 2022, the Agencia Estatal de Administración Tributaria (AEAT) published the new Modelo 480 for future submissions, including 2022, in the Spanish
Spain: Updated technical documentation for the SII
The AEAT updated the technical documentation for the SII. Changes introduced by the new documentation will be in force in the production environment from 1
Value Added Tax
Talking VAT Trends: A Panel Perspective
As governments continue to rework companies’ day to day financial operations through CTCs (continuous transaction controls) and other digital VAT programs, our world of ‘always-on
Spain: Law implementing mandatory B2B e-invoicing was published in the Official Gazette
On September 29, 2022, the law implementing mandatory B2B e-invoicing in Spain was published in the Official Gazette (Boletín Oficial del Estado -BOE-). Therefore, from
Spain: Congress Approved Law Adopting Mandatory B2B e-Invoicing
According to this Law, not yet published in the Official Gazette, all entrepreneurs and professionals must issue, send and receive electronic invoices in their business
Electronic Invoicing
Spain: New Invoicing and Billing Software requirements
Update: 7 December 2023 by Carolina Silva Spain Establishes Billing Software Requirements The long-awaited Royal Decree, establishing invoicing and billing software requirements to secure Spanish
Spain: Draft Regulation establishing new invoicing requirements
The Spanish Tax Authority AEAT has published a draft resolution establishing the requirements that must be adopted by computer or electronic systems and programs that
Value Added Tax
Spain: New Timelines for the Adoption of TicketBAI in the Basque Country
The Provincial Council of the Gipuzkoa region in the Basque Country recently published Foral Order 608/2021. This establishes the schedule for adopting the TicketBAI (TBAI)
Electronic Invoicing
Spain steps closer to mandatory B2B e-invoicing
The Ministry of Economic Affairs and Digital Transformation in Spain has recently published a preliminary draft law for the creation and growth of companies in
TAX ALERT: SPANISH SURCHARGES LATE SUBMISSION
The system of penalties/surcharges for late submission without prior requirement by the Tax Authorities (Art. 27.2 LGT 58/2003) has been modified by the Act 11/2021
IPT
IPT in Spain: An Overview
Update: 9 March 2023 by Hector Fernandez IPT in Spain is complex. Navigating the country’s requirements and ensuring compliance can feel a difficult task. Sovos
Electronic Invoicing
EESPA Standard: E-Invoicing Compliance Definitions and Responsibility Allocation Framework
EESPA, the European E-invoicing Service Providers Association, recently published EESPA Standard Definitions for Legally Compliant Electronic Invoicing and their usage. This document aims to provide
Value Added Tax
Spain Extends SII Scope From 2021
The tax authority in Spain, Agencia Estatal de Administración Tributaria (AEAT), aiming to enhance the Immediate Supply of Information (SII) version 1.1, has introduced new
Spain – Plan to Increase the IPT Rate From 6% to 8% in 2021
The Spanish Government presented its Budget Law project for 2021 on 28 October 2020. The project includes a plan to increase the insurance premium tax
IPT
Spanish Registration and Filing Process
The Spanish tax system is one of the most complex in Europe. If the tax system and surcharges are not fully understood it can be
E-archiving
Beyond Tax Reliefs: The Impact of Covid-19 on E-Archiving
The economic impact and consequences of coronavirus are unprecedented as it spreads across different countries. To protect their markets, many countries have reacted by loosening