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VAT

SPAIN

Spain

Spain is one of the 27 Member States of the European Union.

Basic VAcTs

Latest update 01.06.2024
Country ISO Code ES
EU Member State Yes
Local name Impuesto sobre el Valor Añadido (IVA)
VAT number format ES X12345678
VAT Rates  
Standard VAT Rate 21%
Reduced VAT Rate 10%
Special Reduced VAT Rate

4% + 5%

VAT Compliance  
Standard VAT Return filing period Monthly or (calendar quarter) *
Standard VAT Return filing deadline 20th day of the month following the filing period

VAT Representation required for non-resident
businesses?

Yes, mandatory for non-EU businesses
Record retention period 4 years (8 years if relating to investment goods)
Electronic invoicing Not mandatory for B2B transactions
Click HERE for more info
Real-time reporting Yes, SII reporting
Special Rules  
General domestic reverse charge for domestic
supplies of goods by non-resident businesses?
Yes, domestic supplies of goods by non-resident
businesses to VAT registered B2B customers
Other domestic reverse charge mechanisms? Yes, e.g. (sub-)contracting work, supplies of specific
goods (e.g. IT-products scrap, waste materials)
Postponed Accounting on Import Yes, under conditions
VAT Grouping possible? Yes
VAT Refunds for non-EU businesses? Canada (limited), Israel (limited), Japan, Monaco,
Norway (limited) and Switzerland (limited)
Remarks  
Link to VAT Law HERE
Remarks * Excess of input VAT is carried forward to next
VAT Return, unless request is made for refund

Below is an overview of the latest VAT news for this country.

Note: The above information is taken from various sources and is for information purposes only and is not intended to be advice. Although the author went to great lengths to make sure the information is accurate and useful, users should not act on the basis of any matter used or presented without considering appropriate professional advice.

More information: https://www.vatupdate.com/disclaimer/

 

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