- The deferred VAT (IVA diferido) allows companies to postpone paying import VAT until the tax self-assessment, improving cash flow.
- To benefit, companies must apply in November before the year they want it to take effect, by submitting a declaration to the Spanish Tax Agency.
- Eligible companies must be registered in REDEME (monthly VAT refund regime) and comply with the Immediate Supply of Information (SII) system.
- Importers who do not file monthly VAT returns cannot use this mechanism.
Source: ayming.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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