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In recent months, there have been a few reforms that affect different aspects of VAT.<\/strong> In this article you will find the main news related to this tax.<\/p>\n <\/p>\n <\/p>\n Value Added Tax (VAT) is a\u00a0indirect tax that taxes consumption<\/strong>, in which companies and self-employed persons act as intermediaries between the Treasury and the final consumer of their products or services, by collecting VAT on their sales and entering the amounts that must be settled once the fees incurred in their purchases of goods and services have been deducted. .<\/p>\n For input VAT payments to be deductible, they must be related to the activity, justified by an invoice and recorded in the accounting, appearing duly reflected in the accounting books of invoices received or of investment goods.<\/p>\n <\/p>\n <\/p>\n The main developments come via royal decree, fundamentally in two titles, RD Law 27\/2018, of December 28, 2018, by which\u00a0extend the limits of the exclusion of the simplified and special regimes for agriculture, livestock and fishing in VAT<\/strong>.<\/p>\n The limits of 2018 are maintained. The volume of income from the previous year that cannot be exceeded for all business or professional activities, excluding agricultural, forestry and fishing, will continue to be 250,000.<\/p>\n <\/p>\n With respect to\u00a0Immediate Supply of Information<\/strong>\u00a0(SII), you can choose to apply it throughout the year, not like until now, which had to be done during the month of November of the previous year.<\/p>\n In this case, taxable persons who have begun to keep VAT record books through the SII from a date other than the first day of the calendar year will be obliged to send the billing records for the period prior to said date corresponding to the same year. natural. They must reflect the information in the corresponding record books.<\/p>\n <\/p>\n As of January 1, 2019, the\u00a0VAT on cinemas and theaters<\/strong>. The reduced rate of 10% applies to services provided by performers, artists, directors and technicians who are natural persons, to producers of films that may be exhibited in theaters and to organizers of theatrical and musical works. As it is written, it would remain up in the air what would happen with a film that is created to be distributed, for example, on Netflix and that is not released in theaters.<\/p>\n <\/p>\n The application of the 4% type is extended to\u00a0telecare services, home help, day and night center and residential care<\/strong>\u00a0to people in a situation of dependency when an economic benefit is granted that covers more than 10% of the price, instead of requiring 75% as until now.<\/p>\n <\/p>\n There is a regulatory change in the rLocation rules for services provided electronically<\/strong>\u00a0(art. 70.One.4th and 8th LIVA). In order to reduce the administrative and tax burdens of paying taxes in the Member State of consumption for micro-enterprises that occasionally provide these services to final consumers in other Member States, a common threshold is established at Community level of 10,000 euros (VAT excluded). ).<\/p>\n If this amount is not exceeded, these services are subject to VAT in their Member State of establishment, although they may opt for taxation in the Member State where the recipient of the service is established, depending on whether or not it is more beneficial for the company.<\/p>\n <\/p>\n In these cases, it\u00a0reverses the passive subject\u00a0<\/strong>if the recipient meets the requirements to apply the reverse charge and declares that he or she has the right to a total or partial deduction of VAT. The legal assumption is adapted to the regulation that the reversal of the taxable person also occurs when the recipient can benefit from the partial deduction and not just the total VAT deduction.<\/p>\n <\/p>\n The General Directorate of Taxes published a resolution dated December 28, 2018 that affects the\u00a0treatment of convertible bonds in VAT<\/strong>\u00a0establishing definitions and taxation rules for the so-called univalent and multipurpose bonds.<\/p>\n <\/p>\n In this case,\u00a0VAT refund to travelers<\/strong>\u00a0with residence outside the Community, it is made regardless of the amount of the invoice, eliminating the requirement that said amount must exceed 90.15 euros.<\/p>\n <\/p>\n <\/p>\n In this case, the exemption provided for\u00a0transportation of travelers and their luggage<\/strong>\u00a0by air from or to an airport located outside the spatial scope of the tax, will now also apply to connecting flights when they are covered by a single transport ticket.<\/p>\n The use of a\u00a0software<\/em>\u00a0cloud billing can help us\u00a0not make mistakes<\/strong>\u00a0on invoices, control accounting from anywhere and at any time and will facilitate the submission of VAT returns on time.<\/p>\n <\/p>\n\n
Simplified regimen<\/h2>\n
IBS<\/h2>\n
VAT on cinemas and theaters<\/h2>\n
Social services<\/h2>\n
Digital services<\/h2>\n
Reversal of the taxable person for the acquisition of real estate<\/h2>\n
Convertible bonds<\/h2>\n
Export exemptions<\/h2>\n
Exemptions in operations assimilated to exports.<\/h2>\n