- Canary Islands updates IGIC SII rules effective 1 October 2025.
- New reporting fields for capital goods, non-business transactions, and excise duties are introduced.
- Non-business entities must report acquisitions unrelated to economic activity.
- Sales and purchases books must include transactions subject to specific taxes and duties.
- Businesses and software providers must update systems to comply by 1 October 2025.
Source: marosavat.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.
Latest Posts in "Spain"
- VAT: Inclusion of Lump-Sum Compensation in REAGP Exclusion Threshold Calculation for 2025-2026
- Spain introduces extraordinary SII exit window after VERI*FACTU delay
- Spain Supreme Court Confirms Full Regularisation Principle Applies in VAT Audits and Refunds
- Spain Clarifies Reduced VAT Rate Rules for Real Estate Leases and Sales in 2025
- Extraordinary 2026 Waiver and Deregistration from ISI and Monthly VAT Refund Regime under New Law
