Spain | Government announce public consultation on EU’s four ‘Quick Fixes’ for VAT

By |November 18th, 2019|

On 1 October 2019, the Ministry of Finance announced for public consultation two draft bills proposing various amendments to the Value Added Tax (VAT) Law and VAT Regulation. As a result, the draft bills are expected to become effective from 1 January 2020. The draft bills mainly relate to the [...]

Spain / Restrictive Changes to Immediate Supply of Information System Effective October 2019

By |July 9th, 2019|

Spain has introduced important amendments to the technical specifications of the Spanish Immediate Supply of Information System (known as the SII) which will have effect from 1st October 2019. The SII, which launched on 1st July 2017, requires taxpayers to electronically report their invoice data in XML file format in near [...]

Spain | UK Businesses Alerted to Spanish Agent / VAT Recovery Requirements in Brexit No-Deal

By |April 2nd, 2019|

The Spanish tax authorities have confirmed that in the event of a no-deal Brexit on 29th March 2019, UK-established businesses will have to appoint a fiscal representative to carry out their Spanish VAT filing obligations on their behalf. Moreover, UK businesses will no longer be able to use the electronic [...]

Requirement to appoint a Fiscal Representative in Spain

By |March 14th, 2019|

The Spanish Tax Authorities have confirmed that UK companies that are registered for VAT in Spain will be required to appoint a Fiscal Representative in the event of a hard Brexit where the UK leaves the EU without a withdrawal agreement being in place. This is because the UK will [...]

Canary Islands | Cuts Standard VAT Rate to 6.5% from 2019

By |January 15th, 2019|

On 31st December 2018, the Canary Islands 2019 General Budget was published. It provides that as of 1st January 2019, the Canary Islands’ standard rate of General Indirect Tax (IGIC), which is the equivalent of a value added tax in other jurisdictions, is reduced from 7% to 6.5%. In addition, [...]

Spain | Changes to VAT Legislation Under the 2018 Spanish General State Budget

By |August 16th, 2018|

On 4th July 2018, Law 6/2018 (the 2018 General State Budget Law), was published in the Spanish Official Gazette and provides for the following changes to Spanish VAT law. As of 5th July 2018: The scope of the 10% reduced VAT rate for cultural services is extended to cover cinema [...]

Spain | Extends Mandatory Public Sector Electronic Invoicing to Subcontractors

By |August 8th, 2018|

Mandatory electronic invoicing for taxpayers that provide supplies to public bodies has been in effect since 2015.  From 1st July 2018, under Public Procurement Law 9/2017, this regime has been extended to cover supplies made by subcontractors and main contractors under public procurement contracts.   As of this date, affected [...]

Spain | Canary Islands Subject to Immediate Supply of Information (SII) Regime from 2019

By |June 19th, 2018|

From 1st January 2019, the Canary Islands will implement the Spanish Immediate Supply of Information (SII) regime, which is a mandatory real-time electronic invoice reporting system. The SII has been in effect in Spain since 1st July 2017. Under the regime, VAT-registered businesses in the Canary Islands with a turnover [...]

Spain | Amends Immediate Supply of Information System

By |April 13th, 2018|

Spain has introduced amendments to the technical specifications of the Spanish Immediate Supply of Information system (known as the SII) which will have effect from 1st July 2018. The SII, launched on 1st July 2017, requires taxpayers to electronically report their invoice data in XML file format in near real-time [...]

Spain | Reduced VAT Rate with Regards to Cultural Events

By |October 4th, 2017|

Spain has revised the wording of two points of Article 91 of Spanish VAT law. This update broadens the scope of the reduced rate of 10% to include it applying to several cultural activities, including concerts, theatre performance, bull fights and discotheques as well as other live performances. This is [...]

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