- The Spanish administration has introduced a new simplified method for corrective VAT returns, effective from the September 2024 reporting period.
- The new method aims to simplify the process of rectifying errors in tax declarations and will replace the prior administrative procedures.
- The updated VAT return form, modelo 303, has been published, including new boxes for corrections and VAT refund requests.
- The new method allows taxpayers to rectify, complete, or modify previously submitted VAT returns in a more streamlined manner.
- The implementation of the new method is expected in September/Q3 2024, but it will not apply retroactively to previous reporting periods.
Source Marosa
