Article 14.2.c) of Royal Decree 520/2005, of May 13, in light of the jurisprudential principles of comprehensive regularization of the tax situation of the parties involved and the prohibition of unjust enrichment, must be interpreted in such a way that in the case of unearned and, therefore, improperly charged Value Added Tax installments, where the improperly deducted installments by the recipient have been previously reduced and the appropriateness of their right to a refund has been verified in accordance with the principle of comprehensive regularization, the improper VAT charged should be reduced in the settlement carried out by the party that improperly charged it, and, if applicable, the simultaneous recognition of the right to a refund of the improperly charged installments in favor of the party that bore them.
Source: audiconsultores-etlglobal.com
Latest Posts in "Spain"
- Choosing Between SII and Verifactu: Navigating Spain’s New Invoicing Regulations for 2026
- Spain Updates Economic Agreement with Basque Country, Enhances Tax Collaboration and Compliance Measures
- VAT IT eezi webinar – European E-Invoicing Spotlight: Greece, Poland, Croatia & Spain (Nov 27)
- Spanish Businesses Face E-Invoicing Dilemma: Verifactu or SII Amid EU’s Digital VAT Reform
- Penalties for Late VAT Filing and Payment in Spain: Avoiding Fines and Interest