Spain
Spain is one of the 27 Member States of the European Union.
Basic VAcTs
| Latest update | 01.06.2024 |
| Country ISO Code | ES |
| EU Member State | Yes |
| Local name | Impuesto sobre el Valor Añadido (IVA) |
| VAT number format | ES X12345678 |
| VAT Rates | |
| Standard VAT Rate | 21% |
| Reduced VAT Rate | 10% |
| Special Reduced VAT Rate |
4% + 5% |
| VAT Compliance | |
| Standard VAT Return filing period | Monthly or (calendar quarter) * |
| Standard VAT Return filing deadline | 20th day of the month following the filing period |
|
VAT Representation required for non-resident |
Yes, mandatory for non-EU businesses |
| Record retention period | 4 years (8 years if relating to investment goods) |
| Electronic invoicing | Not mandatory for B2B transactions Click HERE for more info |
| Real-time reporting | Yes, SII reporting |
| Special Rules | |
| General domestic reverse charge for domestic supplies of goods by non-resident businesses? |
Yes, domestic supplies of goods by non-resident businesses to VAT registered B2B customers |
| Other domestic reverse charge mechanisms? | Yes, e.g. (sub-)contracting work, supplies of specific goods (e.g. IT-products scrap, waste materials) |
| Postponed Accounting on Import | Yes, under conditions |
| VAT Grouping possible? | Yes |
| VAT Refunds for non-EU businesses? | Canada (limited), Israel (limited), Japan, Monaco, Norway (limited) and Switzerland (limited) |
| Remarks | |
| Link to VAT Law | HERE |
| Remarks | * Excess of input VAT is carried forward to next VAT Return, unless request is made for refund |
Below is an overview of the latest VAT news for this country.
Note: The above information is taken from various sources and is for information purposes only and is not intended to be advice. Although the author went to great lengths to make sure the information is accurate and useful, users should not act on the basis of any matter used or presented without considering appropriate professional advice.
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