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V2699-17 23 October 2017 · SG de Impuestos sobre el Consumo Criterion in force
IVA · rectificación de cuotas

Prescription eyeglass frames subject to 10% VAT since 29 June 2017

A company sought clarification regarding the rectification of VAT amounts following a regulatory change. The Tax Agency clarifies that prescription eyeglass frames transitioned from a 21% rate to a 10% rate upon the entry into force of the new wording of the VAT Law annex in June 2017.

The question raised

Rectification of tax amounts charged as a consequence of the provisions of the binding ruling of February 10, 2016, reference number V0564-16.

The DGT's ruling

The tax rate applicable to eyeglass frames, considered separately, is 10% for transactions whose accrual occurs after June 29, 2017. For transactions accrued before that date, the applicable rate is 21%. If the reduced rate was erroneously applied before said date, the output tax must be rectified in accordance with Articles 88 and 89 of Law 37/1992, provided that four years have not elapsed since the accrual.

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