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This new system is intended to avoid the financial costs involved in deferring refunds and is available to all those taxpayers duly registered in the register of monthly refunds.
Through Form 368 the company must inform the tax authorities of the VAT charged on their telecommunications, radio and television broadcasting or electronically supplied services, even if there has been no activity.
Legislation on telework in Spain is regulated by the Workers’ Statute and offers many advantages as well for companies (working life) as employees (social welfare). Its main aim is to reduce costs in physical infrastructure investments.
A tax offense occurs when the amount defrauded exceeds 120.000€, while if the amount is less, it would only be considered a tax infringement.
The non-payment or the delay in the collection of the invoices supposes a very important problem of liquidity for the companies, which choose to try to recover the VAT of the credits that turn out to be failed as an alternative to the current crisis.
In a Temporary Employment Regulation Proceeding due to force majeure (ERTE due to force majeure in Spain), an employee’s contract is suspended meaning they do not go to work and the company stops paying them their salary.
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.
In the current Spanish legislation, there are no regulations different from those applied to Spanish citizens that restrict the purchase of a property by a non-resident or foreign person.
The aim of using a digital certificate in Spain when corresponding with Spanish authorities is to streamline processes, save money and reduce problems with attending appointments or travelling to different offices as it allows a wide range of administrative tasks to be carried out virtually. In addition, it means that information can more given more extensively and efficiently to relevant parties.
Import operations in Spain: In the event of importing products from third countries, the products must be accompanied by the supplier import invoice, the customs clearance document and the Single Administrative Document (SAD). In economic terms, import is the...