New Spanish tax measures to recover VAT of bad debts

New Spanish tax measures to recover VAT of bad debts

In times of economic crisis, collecting bad debts can become quite a feat. Conscious of this, Spanish tax regulations provide for a mechanism to modify the VAT taxable base, allowing a company to avoid financial hardship when it must pay VAT on a credit that is...
Spanish VAT in E-Commerce transactions

Spanish VAT in E-Commerce transactions

The current VAT scheme was not prepared to face the challenges of a global economy, digital and changing as it was conceived as a transitory system, whose old ambition was based on taxation at source of inter community transactions as well as of the delivery of...
How to improve companies’ VAT cash

How to improve companies’ VAT cash

The sudden temporary closure of many businesses due to the COVID19 current scenario has caused them significant cash constraints. This negative cash flow can be somehow minimized through the appropriate tools offered by Spanish tax regulations previously to the...