Author: Andreu Bové, Partner of Bové Montero y Asociados   On 1 July, the scope of the so-called “”One Stop Shop” for VAT will be extended. Currently this “one-stop” tax collection system is already being used for certain telecommunication services. The implementation of this new “One Stop Shop (OSS)” system has as its main…

  On 1st January 2021, changes to e-commerce legislation in the UK came into effect. Following on from these, on 1st July 2021, the EU will change the VAT-legislation on e-commerce, bringing in a new set of rules, with different implications for distance sellers acting from within or outside of the EU. If your business…

The new e-commerce VAT rules will enter into force in Europe on 1 July 2021 and aim to regulate online sales of goods and services from businesses to consumers (B2C) within the European Union. Currently, EU taxation of online sales is based on a threshold system: if a business exceeds a certain sales threshold in…

The new e-commerce VAT rules will enter into force in Europe on 1 July 2021 and aim to regulate online sales of goods and services from businesses to consumers (B2C) within the European Union. As the date approaches, the new regulation is generating uncertainty as it will affect all online sellers, digital platforms or marketplaces,…

  The Spanish General Budget Act for 2021 has introduced several tax changes that aim to increase tax revenues. The national regulation was passed at the last minute, having been published on 30 December 2020 to be applied with immediate effect from 1 January 2021. Some of the main tax measures are:   Personal Income…

  Tax revenue loss on Corporate Income Tax returns AUTHOR: Susana Arroyo. Tax Manager at Bové Montero y Asociados   Corporate Income Tax (CIT) revenue for the current year shows a loss of around 2.3 billion euro, mainly due to refunds to be paid out to taxpayers. The substantial drop in the ability of CIT…

Tax webinar series On 15 September we began our series of tax webinars in conjunction with the Spanish Institute of Chartered Accountants (ICJCE). The tax team at Bové Montero y Asociados will present five sessions on topics of great interest to professionals in the sector throughout September and October. The series forms part of the…

  From 23 April 2020, electronic books, newspapers, and magazines will be taxed at 4% VAT.   Until now, the Spanish Tax Agency had repeatedly responded to queries by applying a higher VAT rate compared to goods supplied in printed format, only allowing the 4% VAT rate for books that had been transferred to reading…

    5 February 2020 saw the publication, a little later than scheduled, of Royal Decree-law 3/2020, which transposes various EU Directives and Regulations onto Spanish legislation. Included among these are the VAT “Quick Fixes”, which we analysed in a tax update in October 2019. These changes will come into force on 1 March 2020….

    The Supreme Administrative Court of Sweden recently lodged a request for a preliminary ruling with the Court of Justice of the European Union (CJEU), on whether a branch and its principal establishment (that is, its headquarters in another jurisdiction), where the latter is part of a VAT group, are considered independent parties for…

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