TEAC Clarifies VAT Rounding Rules for Simplified Invoices in Spain, Favoring Global Rounding

• TEAC clarified VAT rounding rules for simplified invoices in Spain
• Global rounding is preferred over product-by-product rounding
• The ruling aims to prevent tax distortions
• A retailer’s method of rounding VAT per product was rejected
• The Spanish Tax Agency supports cumulative global rounding

Source: fiscal-requirements.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.

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