Spanish Ministry of Finance opens public consultation period for intra-Community VAT amendments set to come into force on January 1
Spain -
VAT alert
Ministry of Finance has published a draft law and a preliminary bill for a royal decree to implement in Spain the EU provisions introducing changes in relation to VAT in intra-Community trade in goods and opens the period for comments and public information. The time limit for sending comments on the instruments is October 18.
Their amendments relate to:
- Consignment stock, in which an operator ships goods to another member state to be sold at a later date to a prearranged buyer;
- Chain supplies: consecutive sales of the same good for which there is only one movement from the first seller to the end customer, and
- Proof of dispatch for intra-Community supplies of goods which, through implementation of the EU legislation, may benefit from presumptions based on certain specific forms of proof.
The instruments may be read on the Ministry’s website here.
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