Spain –Proposal to bring VAT provisions in line EU rules

04 November, 2013

Recently, Spain has suggested some changes to its VAT provisions so that they are more in line with those of the European Union. The changes are expected to be started during calendar year 2014 and included removing the special deadline for filing July VAT returns and changing its submission time frame to 1 August through 20 August instead of 1 September through 20 September.

Meanwhile, the European Commission is in the process of working towards a more modern VAT system including a standardized EU VAT return. This move will standardize VAT obligations across Member States and will make it easier for companies doing business in more than one Member State.

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