Temporary zero-rating on basic foods to continue to June 2023 The temporary zero-rating of bread, flour, certain types of milk, cheeses, eggs, and fruits, vegetables, legumes, tubers, and cereals is to continue until 30 June. Whilst underlying inflation in Spain dropped heavily to just over 7.7%
Spain opens public consultation on plans to add live B2B e-invoices to existing SII real-time reporting; rollout between 2024 and 2026; legal obligation on ERP and billing system vendors to offer compliant systems A public consultation on the proposed imposition of B2B e-invoicing has been
Extension of reverse charge for certain domestic and non-resident transactions The Spanish General State Budget Law for 2023 has extended the use of the reverse charge, which shifts the VAT reporting obligations from the supplier to the customer. Domestic reverse charge – Art 199 EU
Rules around Spanish VAT liability on services provided to non-EU customers refined to ensure VAT nuetrality The Spanish VAT rules have been refined in the 2013 Budget to limit the application of ‘use and enjoyment’ Spanish VAT obligations for non-EU customers. Use and enjoyment override
Six months’ VAT zero rating on basics follows ongoing reductions on gas rates The Spanish government on 27 December 2022 announced VAT cuts on certain goods between 1 January and 30 June 2023: Basic foods (including bread, milk, eggs, cheese, fruit and vegetables, and cereals)
For resident taxpayers, only state or VERI*FACTU approved invoicing software may be used to prepare and submit invoices from July 2024 Spain is to formalise from 1 July 2024 the rules on invoices and their production electronically, including computerised invoicing. This includes certified invoicing systems
Domestic electricity rate to be cut from 10% to 5% as inflation hits 8.7% in May Prime Minister Pedro Sanchez announced in Parliament on 22 June a plan to half the VAT rate on domestic electricity to 5%. It was originally cut from the 21%
NFT classified as digital service and liable to 21% VAT Agencia Estatal de Administración Tributaria, AEAT, has ruled that the supply of Non-fungible token is to be regarded as the supply of an electronic service and subject to the standard rate of 21% The ruling was provided
