Six months’ VAT zero rating on basics follows ongoing reductions on gas rates The Spanish government on 27 December 2022 announced VAT cuts on certain goods between 1 January and 30 June 2023: Basic foods (including bread, milk, eggs, cheese, fruit and vegetables, and cereals)
Domestic electricity rate to be cut from 10% to 5% as inflation hits 8.7% in May Prime Minister Pedro Sanchez announced in Parliament on 22 June a plan to half the VAT rate on domestic electricity to 5%. It was originally cut from the 21%
NFT classified as digital service and liable to 21% VAT Agencia Estatal de Administración Tributaria, AEAT, has ruled that the supply of Non-fungible token is to be regarded as the supply of an electronic service and subject to the standard rate of 21% The ruling was provided
Only state or VERI*FACTU approved invoicing software may be used to prepare and submit invoices Spain is to formalise from 1 January 2024 the rules on invoices and their production electronically, including computerised invoicing. This includes certified invoicing systems and voluntary submission of invoices to
White Book details over 100 reforms for Spanish VAT and other taxes The Spanish ‘Tax Committee’ of local tax specialists presented their recommendations to the Ministry of Finance. Their recommendations is known as the ‘White Book’. This includes a range of digital VAT reforms, many
Latest spikes in global fuel prices leads to second extension of reduced VAT rate Spain has again extended to 30 June 2022 its temporary reduction in VAT on domestic electricity from 21% to 10%. The measure was first introduced in June until 31 December 2021.
Spain to add live B2B e-invoices to existing SII real-time reporting; rollout between 2024 and 2026; legal obligation on ERP and billing system vendors to offer compliant systems A technical specification Bill launching mandatory B2B e-invoices, with government pre-clearance with AEAT, the state tax agency,
Global wholesale price fresh highs forces extension of reduced VAT rate until 30th April 2022 Spain has extended from 31 December 2021 to 30 April 2022 the application of the reduced VAT rate of 10% on domestic electricity. Other European electricity VAT cuts have now
Spain to switch from SII invoice listing reporting to live e-invoices? The Spanish Council of Ministers has backed a report calling for the adoption of electronic invoices by all Spanish B2B VAT payers. Spain’s SII live invoice reporting regime was introduced in July 2017. The
