Electronic Invoicing Becomes Compulsory in Spain

This entry was posted on 20 December 2023 by Vanessa Zimmermann

In Spain, Law 18/2022, on the creation and growth of companies, established the obligation to issue electronic invoices in all business-to-business transactions. This obligation was implemented in more detail by the new invoicing regulation published on 6 December 2023 in the Spanish State Gazette (BOE), mainly aimed at modernising and digitalising accounting, invoicing and management processes for entrepreneurs, with a special focus on SMEs, microenterprises and freelancers.

New Case Law in Spain: Value Added Tax on Amateur Sports Events

This entry was posted on 12 August 2022 by Gustavo Yanes

Spain is known for its love for sport, both at the professional and amateur levels, leading to outstanding achievements in a wide variety of sports in the recent past. In this regard, we are pleased to report on new case law from the Madrid High Court of Justice (Tribunal Superior de Justicia de Madrid) which deals with the VAT levied on amateur sporting events. In fact, in this case I was fortunate enough to serve as the lawyer responsible for filing suit against the Spanish tax authorities.

Spain: New Elements in VAT Regulations Regarding E-Commerce (II)

This entry was posted on 26 July 2021 by Gustavo Yanes

Following the news on VAT in relation to e-commerce, on 15 June the Spanish government modified the VAT regulations. As we mentioned in a previous article on the introduction of the single window environment with respect to distance sales, this is an attempt to facilitate and promote digital commerce by implementing measures reducing the administrative load associated therewith. Below is a brief summary of certain aspects of the VAT regulations.

Spain: New Regulations for VAT in Distance Sales

This entry was posted on 21 June 2021 by Gustavo Yanes

For years now, e-commerce has not stopped growing. It is undoubtable, however, that due to the prevention measures against COVID-19, e-commerce has increased significantly. It is within this context that modifications have been made to the European Directive on VAT with respect to so-called distance sales. It must be noted that this modification is exclusively directed at sales made with final customers, not business owners, which are located in EU countries other than that of the vendor’s registered address.

CJEU: VAT on Importation Should Be Paid in The Country of Entry of the Goods to The EU Economic Network

This entry was posted on 20 April 2021 by Gustavo Yanes

Following the ruling by the Court of Justice of the European Union (“CJEU” Case C-7/20), it is worth recalling several essential concepts applicable to VAT taxation on the importation of goods. In this case, the CJEU was determining whether the EU directive should be interpreted in the sense that VAT on importation “always” arises in the territory in which the goods enter or in that in which a failure to comply with the customs legislation is found, as in the case before the court.

Brexit and VAT in Spain

Brexit: Practical Matters Regarding VAT in Spain

This entry was posted on 26 February 2021 by Gustavo Yanes

After several extensions, a difficult political negotiation and the end of the transitory period, the exit of the United Kingdom from the European Union is fully effective. This means that from 1 January it will receive the same treatment as any other country that does not belong to the EU. The economic and legal consequences of said exit are numerous and varied, but in this brief article we wish to emphasise the changes which will take place in terms of VAT and which companies will note immediately.

Can Audit Reports Save Directors and Executives from Tax Liability in Spain?

This entry was posted on 2 December 2020 by Gustavo Yanes

In the context of scarce liquidity, it is not surprising that companies do not have the necessary means to pay the debts due during the course of a tax inspection, or directly cease their activity. It is in these scenarios where the liability of the directors, or members of the board of an entity, could enter into play. Let us recall that this liability is usually subsidiary, that is, the company previously declares itself insolvent due to failure to pay outstanding tax debts or penalties.

New deadline corporate income tax Spain

COVID-19: A New Deadline for the Payment of Corporate Income Tax?

This entry was posted on 29 April 2020 by Gustavo Yanes

After the entry into force of the state of alarm, and until its end, the deadline to prepare the annual accounts is suspended. In addition, after the state of alarm is lifted (foreseen for the month of May), companies will have a “new term of three months” in which to prepare them. To this we must add that the shareholders generally have another, additional period of three months to approve the accounts.