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Spain Ministry of Finance seeks feedback on draft order for income tax and VAT rules

  • Spanish Ministry of Finance and Public Administration is seeking comments on a draft order
  • The draft order aims to establish rules for individual income tax and simplified VAT regime
  • It includes a 5 percent reduction in net performance for taxpayers using the objective estimation method
  • It also establishes percentages for calculating the accrued quota in the simplified VAT regime

Source: news.bloombergtax.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.

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