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VAT practical manual 2022.

General scheme

In the application of the Tax, taking into account what we have seen so far, it is convenient to distinguish two clearly differentiated parts: the VAT accrued and the deductible input VAT.

1. Accrued VAT

For VAT to be applied to a transaction, the following aspects must be taken into account:

  1. It must be a delivery of goods or a provision of services by a business or professional, an intra-Community acquisition of goods or an import of goods.

  2. It must not be one of the operations declared not subject to or exempt from the Law.

  3. The operation must be understood to have been carried out on the Peninsula or the Balearic Islands.

  4. The operation must be understood as produced or carried out, since only when it is produced or carried out is the VAT corresponding to the operation in question accrued (unless it is the special regime of the cash criterion or there are advance payments prior to carrying out the operation. ).

  5. The amount (tax base) to which the tax rate should be applied must be determined.

  6. Determination of the tax rate corresponding to the operation.

2. Deductible input VAT

In general, business owners and professionals can deduct input VAT on their purchases, acquisitions and imports from VAT output, as long as they meet the requirements for the deduction ##2##which can be consulted in Chapter 5 of this Practical Manual.