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Tax in Spain: deduce the Spanish vat from your petrol invoices
Tax in Spain ; Deduce 100% Spanish VAT (valued added tax in Spain) in case you use a company car provided you do not use the same car for your personal needs. This means the car must be 100% used for the activities of your company in Spain.
Only 50% of the Spanish VAT may be deducted if you use the car both for your personal needs and the company’s activities.
In general, the Tax Office, Spanish Inland Revenue, presumes that the car is not only employed for the corporate activities but also for personal matters. You will have to proof the fact that you only use it for your business if you wish to compensate certain sums and major percentages of Spanish VAT.
The Spanish tax advisors of Arcos & Lamers Asociados wish to inform you of this fact related to the Value Added Tax in Spain (VAT) due the numerous enquiries we have had from our clients. Do not hesitate to contact the tax advisors of this lawyer’s office for any fiscal enquiry. As you might know, the VAT-Law and its regulations is a very complex matter in the Spanish tax legislation.
María Teresa Arcos, Lawyer in Spain,
Wim Lamers, accountant (economist) in Spain.
Marbella, December, 2013
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