These adaptations respond to recent legislative and jurisprudential reforms, and affect both the determination of the taxable base and the application of differentiated tax rates.
The obligation to notify the Tax Agency of the change in status to Large Company must be fulfilled by submitting Form 036, within one month from January 1st.
The Verifactu system establishes the obligation to issue electronic invoices using software that complies with the technical and security requirements defined by the regulations, thus avoiding tax fraud.
The remission of debt has tax, accounting and commercial implications. So, it is crucial to document it properly and comply with the corresponding regulations in order to avoid risks and ensure the group’s financial consistency.
The tax rate applicable to the recognition of tax credits for losses is determined in accordance with current accounting and tax regulations, considering companies with net sales of less than one million euros.
The Spanish Tax Agency has recently introduced important changes in the regulation of rectifying self-assessments, with special incidence in the VAT form 303, as well as in forms 100 and 200.