Compensation of Input VAT: Criteria and Time Limits for Modifying Compensated Amounts

• The compensation of excess input tax over output tax not deducted in previous periods is a right of the taxpayer and not a tax option.
• The exercise of this right can be done in the self-assessment of the following tax period and can be modified within four years from the filing of the declaration.
• The criteria is based on rulings of the Supreme Court and the relevant articles of the General Tax Law and the Value Added Tax Law.

Source: serviciostelematicosext.hacienda.gob.es

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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