Criterio de Caja en el IVA – the “cash basis VAT” scheme

In September 2013 a new tax law was introduced in Spain which changes the way businesses can claim back IVA (VAT) on invoices issued and pending. The law is known as Ley 14/2013, de 27 de septiembre, de apoyo a los emprendedores y su internacionalización (Law 14/2013 of 27 September, support for entrepreneurs and internationalization), whose importance I believe may be of interest. In short, the new system allows those businesses that have registered under Continue reading Criterio de Caja en el IVA – the “cash basis VAT” scheme