Regulatory Analysis
The Ministry of Economic Affairs and Digital Transformation (Ministerio de Asuntos Económicos y Transformación Digital) has launched a public consultation on the upcoming B2B e-Invoicing mandate to improve the participation of citizens in the procedure of elaboration of norms, prior to its development. This public consultation is carried out through the web portal of the […]
Pursuant to Decree Law 15/2022, the zero-rate VAT rate that temporarily applied to supplies of face masks and gloves in the Canary Islands is extended until June 30, 2023. The decree can be found here (in Spanish).
The Gipuzkoa Tax Authority in the Basque Country announced that The TicketBAI obligation does not exempt taxpayers from complying with SII requirements. However, it is clarified that the data sent by TicketBAI will be understood as filling in the same matching fields that correspond in the SII exclusively with the ledger of invoices issued required for the SII. The remaining […]
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 of face masks and electricity have been extended. Surgical face masks will maintain the 4% VAT rate until 30 June 2023, and electricity will maintain the 5% VAT rate until […]
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 for determining the place of supply of B2B and B2C sales of electronic services when such services are used or enjoyed in Spain. This change is effective 1 January 2023. […]
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 Gazette. Alongside this, an extension for the annual tax submission has been confirmed, with submissions allowed up to 31 January. This is a positive change as it allows for more […]
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 January 2023. Among the changes, the value AJ was added to the ledger of issued invoices for adjustments of the benefit’s margin and new validations and errors associated with this […]
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 that date, the Government has 6 months to approve the necessary regulatory framework. More information about this law is in our blog: Spanish Congress Approves 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 relationships with other businessmen and professionals. Additionally, the recipient and the sender of electronic invoices must provide information on the status of the invoices. The Government will have 6 months […]
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 support the billing processes of businesses and professionals. According to the draft regulation, taxpayers must have their operational computer systems compliant with the new requirements as of January 1, 2024. […]
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 published on Saturday 10 July 2021 in the Spanish Gazette (BOE) and came into force on Sunday 11 July 2021. The new rule brings changes to the penalties/surcharges system. The […]
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) rate from 6% to 8%. This move would increase the revenue generated by IPT in Spain by one third. The Budget Law project will now be debated and votes […]
The Spanish tax administration (AEAT) announced on its website that it has started to pre-fill the periodic VAT return of certain taxpayers (Modelo 303), based on information these taxpayers supply via the SII. The service is called Pre303, and going forward, it will be available for the tax return of February 2020 that is due in […]
The Consorcio de Compensación de Seguros (CCS) now requires insurance companies to report and declare the surcharge to the Environmental Damage Compensations Fund through its new reporting system (SIR). This requirement took effect on 01 July 2019. As for Extraordinary Risks surcharges, detailed information on the policies subject to the 8% Environmental surcharge must now […]
Organizations operating in the Basque region of Spain will soon be required to comply with SII reporting requirements. As reported in this forum, effective July 1 most companies operating in Spain are now required to transmit information to the Spanish Tax Administration (AEAT) regarding purchase and sale transactions within a few days of invoicing. Today, […]
The Spanish tax administration (AEAT) has released a comprehensive set of files, tools, and documents necessary for the definitive implementation of the Immediate Information Remittance system, locally known as SII Version 1.0. As of June 15, all of the documentation, testing and validation files available to taxpayers and software providers were based on pre-releases used for […]
Spain is quickly and steadily marching towards the planned July 1 implementation of the new Supply of Information System (locally known as SII) reporting requirement. Under the law, businesses have four days from the time an invoice is issued or received to notify the Spanish Tax Administration (AEAT) of the transaction. Determining the exact day […]
The Spanish Tax Administration (AEAT) recently released a comprehensive set of files, tools, and documents necessary for the full implementation of the Immediate Information Remittance System (SII Version 1.0). As a final test step before actual go-live, AEAT announced that from June 21 through June 29 taxpayers and solution providers may begin submitting SII reports […]