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Spain – Royal Decree amending several tax Royal Decrees

 

Royal Decree 1075/2017, published in the Official Gazette, amends, among others tax

Decrees, the VAT Decree and invoicing Decree. Amendments, effective as of 1 January

2018, are notably:

–  Exclusion of the VAT Simplified Scheme for taxpayers who voluntarily opt for

the immediate delivery of invoices (SII).

–  Technical changes to the necessary communication of rectifying records within

the books electronically submitted;

–  Taxpayers on quarterly VAT returns can continue to apply these deadlines in

case they choose to implement SII.

–  Possibility to request authorization of the tax authorities to apply other

procedures to rectifying invoices as long as justified for the business practices

of a specific economical sector.

–  Technical change in the deadline to send rectifying invoices.

 

Source: http://www.vatsystems.eu/

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