Spain
VAT Name :
Impuesto sobre el Valor Anadido (IVA)
VAT Number Format :
X12345678, 12345678X, X1234567X
9 characters. Includes one or two alphabetical characters (first or last or first and last).
VAT Information Offices :
Agencia Estatal de Administracion Tributaria (AEAT), C/ Guzman el Bueno 139, 28003 Madrid
RATES
| Rate | Type | Which goods or services |
|---|---|---|
| 21% | Standard | All other taxable goods and services |
| 10% | Reduced | Foodstuffs; Water supplies; Certain listed pharmaceuticals and medical equipment; Passenger transport; Certain admissions to sporting events; Cultural events; Hotel accommodation; Restaurants and catering; New property sales |
| 4% | Reduced | Certain pharmaceutical products; Certain foods; Certain books and newspapers; Social services; (From 01.01.2020 - e books) |
| 0% | Zero | Intra-EU and international transport by air and sea; Taxation of gold coins |
EXEMPTIONS
- Letting of immovable property (subject to exceptions)
- Letting of residential property (excluding short term letting)
- Letting of commercial property (subject to exceptions)
- Financial and insurance services
- Education provided by the state or licensed bodies
- Tutoring on subjects that are included in the curricula at all educational levels
- Postal services
- Cultural services, such as museums, libraries, seminars and conferences
- Artists, writers, composers and translators of artistic and scientific work
- Supply of land
- Supply of buildings
- Option to tax can apply in certain cases in respect of supply of buildings (other than new) and supply of land (other than building land)
THRESHOLDS
Registration Threshold : Nil
Distance Selling Threshold : EUR 35.000
Dispatches : EUR 400.000
Arrivals : EUR 400.000
Intra-Community Acquisition Threshold : EUR 10.000
VAT Free Shopping for Tourists : EUR 90,15
Non-Resident : Non-resident businesses without a fixed establishment must register for VAT (nil threshold)
PENALTIES
Late Filing/Payment : Within 3 months – 5% of VAT due; 3-6 months – 10%; 6-12 months – 15%; in excess of 12 months – 20%
Late Payment : charged to interest 2%-5% in excess of 12 months
Late filing of EC Sales : nominal level of fine – EUR 20
Late filing of Intrastat : minor fines
Other :
– Penalties may apply in cases of tax fraud, evasion, etc.
DEADLINES
Assessment Period : 4 years
Standard Tax Period : Quarterly
Monthly filing where turnover > EUR 6,010,121
Electronic filing – return submitted by 20th day following tax period month/quarter
ESL filing – monthly submitted by 20th day following reporting period
Intrastat filing – 12th working day following reporting period