Spain Proposes to Bring VAT Provisions in Line with the European Union
10/22/2013

(Bristol, UK) - Spain has suggested modifications to its VAT provisions so that they are more in line with those of the European Union, reports Nair & Co.’s International Tax Team. Read the complete PR at www.nair-co.com/newsandannoucement.aspx.

Online PR News – 22-October-2013 – 1250 Oakmead Parkway, Suite 210 Sunnyvale, CA 94085, U.S – Spain has suggested modifications to its VAT provisions so that they are more in line with those of the European Union, reports Nair & Co.’s International Tax Team. These changes are expected to commence during calendar year 2014 and include removing the special deadline for filing July VAT returns and changing its submission timeframe to 1 August through 20 August (instead of 1 September through 20 September).

Businesses with VAT-able operations in Spain may consider monitoring developments related to the above proposal to ensure timely compliance with VAT return related obligations in future.

The European Commission is in the process of working towards a more modern VAT system –a standardized EU VAT return. This move will standardize VAT obligations across Member States and will make it easier for companies doing business in more than one such State.

For more information about international tax laws, doing business overseas or to learn more about our Nair & Co.’s International Expansion Services please contact us.

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Nair & Co., the leader in international business expansion services, provides accounting, HR, legal, tax and compliance services for the set up and management of your international operations. Our model of a single-point-of-contact, supported by internal teams of experienced advisors, helps clients expand business and manage risk so they can focus on their core business and sustain growth with minimal risk, stress and cost. We support nearly 250 clients in over 70 countries. Nair & Co. is headquartered in Bristol, UK, has 450 employees and offices in China, India, Japan, Singapore, and the US. Learn more at www.nair-co.com