- Spain has published a bill on 23 May 2023 that aligns the General Tax Law with the EU DAC 7 directive, which introduces new reporting and due diligence requirements for digital platform operators offering goods and services via their platforms.
- The bill also imposes penalties for noncompliance, sets out consequences for sellers who fail to provide required information, and introduces an obligation to retain records and documentation for 10 years.
- The DAC 7 effective date remains 1 January 2023, and a public consultation process on regulations for the DAC 7 rules has started on 12 June.
Source BDO
Latest Posts in "Spain"
- Spain’s 2027 E-Invoicing Mandate: Key Requirements and Deadlines for All B2B Businesses
- Spain’s 2027 E-Invoicing Mandate: Key Requirements and Steps for B2B Businesses
- VAT Deemed Included in Contract Price if Not Mentioned and Cannot Be Charged Later, TEAC Rules
- Spanish Tax Authority Rules Against Artificial VAT Deductions in School Property Leasing Case
- Self-Employed Using POS Must Adapt to VERI*FACTU by July 1, 2026, Even for Tickets
