Deferred VAT on imports
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Deferred VAT on imports

What is it and how to request deferred VAT? When you purchase the merchandise for your business from suppliers within the national territory or from the EU countries, the consumer pays VAT at the time of purchase and you deliver the amount of said tax when you submit your statement to the Tax Agency. The…

Newnesses of Personal Income Tax for 2018
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Newnesses of Personal Income Tax for 2018

On July 4, 2018, Law 6/2018, of July 3, on the General Budgets of the State was published in the BOE. In it are presented, the tax changes regarding the Income Tax that come into force in the income statement of 2018, which will be submitted during 2019. We summarize the most important ones below….

Mini one-stop shop: Frequently Asked Questions [Resolved]
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Mini one-stop shop: Frequently Asked Questions [Resolved]

From January 1, 2015, all telecommunication, electronic and broadcasting or television services provided by a company or a professional to particular final consumers, established or residing in European countries other than the one of the provider of that service must be taxed in the State of establishment or residence of the final consumer. This means…

The VAT System on distance selling
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The VAT System on distance selling

Distance sales are the order of the day. More and more people are buying abroad without having any face-to-face contact with the seller and, due to that demand, entrepreneurs who decide to set up their online stores by expanding their borders are also growing. If sales are made within the European Union, a threshold defined…

Changes in the VAT deduction in commercial vehicles
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Changes in the VAT deduction in commercial vehicles

The treatment of the deduction on the Value Added Tax (VAT) paid on vehicles can be confusing in certain circumstances. In general, for business activities it is presumed that passenger cars have 50% affectation on the activity, which can be destroyed (theoretically) by means of evidence to the contrary. Presumption of total affection The VAT…