- Annual VAT Return Submission: Companies registered for VAT in Spain must submit an Annual VAT return (modelo 390) by January 30 of the following year, which serves as an informative recapitulative statement with no VAT payment due. The 2024 return is due on January 30, 2025.
- Exemptions and Submission Method: Certain businesses, such as those submitting SII books, large companies with annual turnover exceeding €6,010,121.04, or those under simplified VAT regimes related to rental properties, are exempt from submitting the Annual VAT return. All submissions must be made electronically using an electronic certificate or Clave Pin, as paper submissions are not permitted.
- Key Considerations for Compliance: Businesses should reconcile their annual VAT return data with figures reported in quarterly returns, report all transactions including exempt ones, and ensure accurate reporting for e-commerce activities. Additionally, companies must assess their annual turnover to determine if a change in filing frequency is necessary and reflect any REDEME or import deferment applications accurately in their returns.
Source Marosa
