As a result of the publication of the Draft Amendment of August 31, 2020, which introduces modifications to the VAT Law, the taxation of supplies of goods and services contracted by electronic means by Community end consumers is regulated.
In order to be able to deduct the VAT on a simplified invoice, the sender must necessarily indicate the VAT number of the recipient or receptor, the full address, full name and the amount invoiced.
Financing mechanisms: Do you need financing for your business? Know some of your requirements through the CIRBE report in Spain.
This is a new obligation (Beneficial ownership in Spain) to be included in the financial statements for the fiscal years beginning in 2017.
All entrepreneurs who are active in Spain must authenticate their accounting records in electronic format and online within a period of four months from the date on which the financial year ends.