- Spain introduces a new VAT regime for company groups starting in 2025
- Companies must use form 039 to opt in or out of the new VAT regime and related systems
- A list of group companies under the new regime must be submitted annually with updates on changes
- Form 036 or 037 is required to opt in or out of the special cash accounting regime from 2025
- Notifications for other tax regimes include waivers and specific tax base calculations
- Companies with turnovers over EUR 6,010,120.14 in 2024 must adopt the immediate supply of information system by January 1, 2025
- Large companies must notify tax authorities of their status by end of January 2025
- Penalties apply for non-compliance with the new regulations
Source: regfollower.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.
