- Spain will implement new VAT reporting requirements for hydrocarbon transactions starting February 1, 2026.
- The last depositor must guarantee VAT payment on fuel removed from tax warehouses, which can be done via advance payment.
- The SII electronic VAT system will add a new field to identify invoices where a VAT guarantee has been provided.
- Companies must update their tax reporting systems, such as SAP, to comply with these new technical requirements.
Source: docnova.ai
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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