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Spanish tax point rules

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Spanish tax point rules

The tax point is the time when VAT becomes due. VAT due should be distinguished from VAT payable. VAT is due when the tax point occurs. VAT is payable between the day after the end of the reporting period and the due date to submit and pay the VAT return.

In Spain, the following tax point rules apply:

  • General rule: Tax point arises when the goods are placed at the disposal of the customer or when the services are completed. For services connected to a supply of goods, the same tax point rules as for the supply of goods apply. In general, an invoice must be issued when the tax point occurs.
  • Prepayments or advanced payments create a tax point. In these cases, VAT is due when the prepayment is made.
  • Intra-Community acquisitions: Tax point occurs when the goods are placed at the disposal of the customer. An invoice must be issued by the 16th day of the following month.  In these cases, a prepayment would not bring the tax point forward.
  • Intra-Community supplies: The tax point is the 15th day of the month following the dispatch of the goods or the date of the issuance of the invoice, whichever happens earlier. For example, if goods are dispatched the 12 of February and an invoice was not issued, the tax point is the 15 of March.
  • Import: Tax point occurs when the goods are imported according to the relevant import documents.