This draft proposal for a VAT deferral import regime would, therefore, provide a cash-flow benefit because VAT would not be required to be paid at import. Also, there would no longer been the need to file a subsequent claim for credit for the amount of the VAT paid.
This new regime (at present, only a draft proposal) would be available to VAT-payers that file monthly VAT returns.
Read an October 2014 report [PDF 248 KB] prepared by the KPMG member firm in Spain:Spanish VAT – New Deferral Import Regime for 2015. Important cash flow advantage