I. Foreword The scenario of VAT compliance and data reporting obligations at international level has been in turmoil for some years now. If referring to Europe, keeping pace with the EU regulatory initiatives, such as those resulting from the VAT action Plan and, more recently, the VAT in...
I. Spanish IT regulations affecting VAT There are different local regulations affecting IT aspects of Spanish VAT, with different level of implementation or scope although. They are complementary and not exclusive, regardless of their likely need to be adapted to future changes in the...
VAT and technology. Prepare for the future now On 8 December 2022, as part of its VAT action plan, the European Commission launched the “VAT in the Digital Age package” (“ViDA”) that includes proposals to modernize the EU VAT system to address to the challenges of digitalization. ...
When doing imports into Spain, the corresponding VAT is liquidated by Customs and is to be paid before the goods are cleared to free circulation except for the case that the import qualifies for any exemption (i.e. the so called regime 42 where the import is followed by an intracommunity supply...
Non-resident companies which, although operating without a permanent establishment, are obliged to file Spanish VAT returns because of their operative and, so, must register for Spanish VAT purposes (what is known as “direct registration”), This is normally the case when such companies...
I. Background I.1. E-invoicing obligation Before the publication of Law 18/2022 of 28 September regulating the creation and growth of enterprises that modified article 2bis of Law 56/2007 of 28 December of Measures to Promote de Information Society, there was not a general...
I. Background As a rule, notwithstanding the special provisions that may be applicable for certain territories - Basque Country, Navarre, the Canary Islands, Ceuta and Melilla -companies operating in Spain must comply with the Spanish VAT invoicing regulations when being the appointed...
Some articles have recently appeared at the press commenting on the initiative www.canarianmarket.com, a platform aimed at facilitating the marketing through the internet of Canarian products in the national and international market (hereinafter Canarianmarket or the platform). According to...
Title VII (articles 67 to 83 ) of Law 7/2022, of April 8, on waste and contaminated soil for a circular economy (hereinafter, the Waste Law), published in the Official State Gazette of April 9, 2022, introduces tax measures to encourage the circular economy, including the creation of a special...
On 21 January 2022, the European Commission (EC) launched a public consultation on the new legislative package forming part of its plan “VAT in the Digital Age”, namely: Single VAT registration Digital Reporting Requirements (DRR) and e-invoicing VAT treatment of the platform...
As the fight against tax fraud becomes a critical issue and top ranks in the agendas of Governments around the world, there are an increasing number of tax Administrations which see immediate access to data as a solution an introduce in their local tax systems obligations known as Continuous...
The new business models that have emerged from the widespread use of new technologies, a legacy of the digital revolution that brought about the arrival of information and telecommunications technology in the mid-20th century, have had a disruptive impact on national tax systems, who must face a...
