Spain's Central Economic-Administrative Court (TEAC) has clarified VAT rounding rules for simplified invoices, favoring global rounding over product-by-product rounding when it prevents tax distortions. This ruling arose from a dispute involving a retailer that rounded VAT per individual product, which was rejected by the Spanish Tax Agency in favor of cumulative, global rounding.
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TEACH Issued VAT Rounding Rules in Spain for Simplified Invoices
Spain
Author: Nikolina Basić
Category:
Fiscal subject related
Views:
35
Content accuracy validation date:
02.04.2025
Content accuracy validation time:
08:36h
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