November Tax Options for Import VAT Deferral and Related Registrations

• In November 2026, taxpayers may opt via census return for the import VAT deferral regime under Article 167.Two of the VAT Law, allowing import VAT assessed by Customs to be reported in the VAT return for the period when the assessment document is received and offset against input VAT; the option takes effect from 1 January and rolls over automatically, but cannot be exercised outside that November window, so missing it means waiting until 2028.
• The regime is limited to monthly VAT filers: large businesses, VAT group entities, or taxpayers registered in the monthly refund register (REDEME). REDEME registration can also be requested in November for the following year, and it requires keeping VAT books through SII.
• The TEAC (18 June 2026) held that it is enough to show the taxpayer will be on a monthly filing period in the year the option takes effect; it is not necessary to already have monthly status when filing the option. Filing for REDEME in the same census return satisfies this.
• Simply exceeding the €6,010,121.04 turnover threshold in November is not enough to qualify as a large enterprise, because that status is only certain once the year closes.
• Also in November, taxpayers may elect for 2027 to renounce the import VAT deferral regime, opt in or out of REDEME, renounce voluntary SII bookkeeping, notify reseller status for reverse-charge on certain electronics, and request a common input VAT deduction regime for separate business sectors.

Source: allyon-etl.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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