GuillermoRosés SRLU

VAT [IVA] is an indirect tax that is collected by reference to consumption. It applies to the provision of goods and services made by businesses and professionals, intra-community acquisitions and the import of goods.

There is a general VAT regime and various special regimes. The general regime applies if it is not appropriate to apply any of the special regimes, the special regimes are waived or the special regimes are excluded.

Farmers and cattle breeders pay tax under the special regime for agriculture, cattle breeding and fishing or under the simplified regime, save in the case of exclusion or waiver, in which case they pay tax under the general regime.

Industrial businesses and wholesalers pay tax under the general regime, unless they can pay tax under the simplified regime.

Generally speaking retailers must pay tax under the offset regime if they meet the necessary requirements. If they do not, the general regime will apply. In some circumstances they may pay tax under the simplified regime.

Businesses in the services sector may pay tax under the general regime or under the simplified regime in some cases.

Professionals, artists and sportsmen and women pay tax under the general regime.

Monthly Value Added Tax rebate

In order to obtain the monthly VAT rebate, the following requirements have to be observed:

Registration in the Register of Monthly Rebates:  Filing of form 036, which must be filed online: “Declaration of entry in, amendment of or removal from the Register of Businesses, Professionals and Withholders” (marking box 129) or form 039 “Communication of data relating to the special regime for groups of entities in relation to Value Added Tax” (box 12). Anyone already registered in the Register of Exporters and Other Economic Operators will not need to register.

Online filing of monthly VAT self-assessment returns (form 303: “Value Added Tax. Self-assessment”).

Monthly filing of form 340: “Return giving information on operations included in the Registers”.