Take Advantage of Deferred VAT

• 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.

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