A new regulation in Spain introduces a series of modifications to VAT forms, aiming to simplify the procedure for rectifying VAT returns. The current process is complex, often requiring a review procedure with the tax authority. The new legislation allows for the submission of rectifying VAT returns, with some exceptions. Taxable persons must complete specific boxes and sections on the VAT forms, depending on the circumstances that motivate the rectification.
Source International Tax Review
Latest Posts in "Spain"
- Spain TEAC Clarifies Plastic Tax Refunds and VAT Correction for Fraudulent Transactions
- VAT Exemption Code 9022 for Special Regime Operators with Global Guarantee
- VAT IT eezi webinar – European E-Invoicing Spotlight: Greece, Poland, Croatia & Spain (Nov 27)
- Understanding Spain’s Royal Decree 1007/2023: Digital Billing Records and Fiscalization Compliance
- Restored VAT Rates Boost Spain’s Revenue by €1.67 Billion Amid Strong Economic Growth
