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V1492-22 ·22 June 2022 ·consulta-vinculante Medium impact
Tax

Import VAT may be deferred in Form 303 if the deferral scheme is elected

A company has requested clarification on how to declare input VAT on imports in Form 303, specifically regarding the use of box 77 and the requirement to submit Form 340. The DGT clarifies that box 77 is intended for those who have opted for the deferral scheme and that VAT is deductible in the relevant import boxes.

In 6 key points

How it affects those involved

This clarification provides certainty for businesses using the VAT deferral scheme regarding the correct reporting of import VAT in their periodic tax returns.

Lifecycle

2022-06-22PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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This analysis is informational only and does not constitute legal advice or create a client-adviser relationship. BM Consulting.
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