- As from 1 January 2023, certain modifications are introduced to the concepts of “import of goods” and “transactions deemed as imports of goods.”
- Under the “use and enjoyment rule,” certain services provided to non-EU recipients are considered subject to Spanish VAT if they are used or exploited in the Spanish territory. With effect from 26 May 2023, Law 13/2023 modifies this rule so that it does not apply to financial, insurance, reinsurance, and capitalization transactions when the service recipient is a company or an individual entrepreneur (i.e., “B2B” transactions).
Source Deloitte
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