- During the month of November, companies have the opportunity to apply for inclusion in the deferred VAT system.
- Deferred VAT allows companies to postpone the payment of VAT on import operations until the tax self-assessment.
- This mechanism provides companies with greater cash flow and financial flexibility.
- To access this benefit, companies must submit a census declaration to the tax administration in November.
- Key points to consider include being registered in the monthly refund regime and complying with immediate information supply obligations.
Source: ayming.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.
