- Entity transmitting carbon absorption rights to other entities
- Transactions related to carbon absorption projects are considered services for VAT purposes
- If rights fall under emissions trading regulations, reverse charge applies
- Same applies if absorption rights can be used by operators equivalent to emission rights in regulations
Source: audiconsultores-etlglobal.com
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.
Latest Posts in "Spain"
- Spain Clarifies VAT Reverse Charge for Construction, Including Plumbing and Demolition Activities
- Spain’s Supreme Court: Public Service Subsidies Not Subject to VAT, Aligns with EU Ruling
- Spanish VAT Refund Challenges: Reciprocity Requirements Under 13th Directive for Non-EU Businesses
- 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
