31 January 2023
To prevent VAT fraud, Spain has introduced a domestic reverse charge on supplies of gold, mobile phones, game consoles, laptops, and computer tablets.
This new mechanism was introduced from 1 January 2023 and means that businesses providing these types of goods will no longer be able to charge VAT on their supplies to other business customers. Instead, it will be the customers’ responsibility to account for the VAT in their own returns.
Are you trading globally? Whether you require basic VAT advice or specific VAT compliance support, Fiscal Solutions can help. Our team of multi-lingual experts are knowledgeable in all the different VAT rules in Europe and around the world.
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