Spain Implements Enhanced VAT Controls on Energy Products Starting 2025

• Spain introduces new VAT rules for energy products starting 1 January 2025
• New legislation aims to combat VAT fraud in missing trader schemes involving petrol, gas oil, and biofuels
• Removal from tax warehouse now deemed carried out by last trader or warehouse operator owning the goods
• A guarantee covering 110% of VAT from the last two months’ sales must be provided unless exemptions apply
• Exemptions for traders include being an Authorised Economic Operator or holding reliable operator status with specific qualifications
• Tax authorities can execute the guarantee if VAT is unpaid three months post-removal or misuse of products is not proven
• Tax warehouse operators share liability for VAT if removal is unauthorized without proper guarantees
• Monthly VAT returns and transaction reports to the Immediate Supply of Information System are mandatory for operators and traders
• Implementing regulations and forms for reliable operator status and guarantees are still pending from Spain’s tax authorities
• Energy sector taxpayers advised to familiarize themselves with new obligations and controls for better compliance and monitoring

Source: bdo.global

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.

---

---