
The importance of declaring Intra-Community VAT
Correctly declaring Intra-Community VAT is not just a legal obligation but also a best practice that protects businesses from sanctions and contributes to a more transparent and fair European market.
Correctly declaring Intra-Community VAT is not just a legal obligation but also a best practice that protects businesses from sanctions and contributes to a more transparent and fair European market.
The administrators become responsible for ensuring that everything related to the company is in order, protecting the assets and complying with legal obligations to avoid penalties.
These regulations, the Invoice Systems Regulation RD 1007/2023 and the Future Electronic Invoicing Regulation, which enhance administrative efficiency and hinder tax fraud, affect both companies and the self-employed.
A company may recover the amount of input VAT, either fully or partially, through the relevant tax return, depending on the nature of the transaction and other factors.
The changes in the Corporate Income Tax for 2024 in Spain include several novelties and adjustments that seek to improve collection and adapt the tax system to the new economic realities.