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
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...
Quick Fixes: Short term improvements to the VAT system
With the purpose of modernising the current VAT system and avoid the cross – border fraud, in the last years, the EU Commission has been working in the proposal of amendments to the VAT Directive and the VAT Implementing Regulation for four different areas out of...
When the year comes to an end, it is time to review the input VAT deduction
The VAT system permits the deduction of input VAT for the acquisition of assets and / or services that VAT taxpayers use in their entrepreneurial activity. The deduction of input VAT can only be limited or excluded in the cases specifically foreseen in the Tax Laws....