Skip to main content
Practical Handbook VAT 2021

Formal obligations

The option to apply RECC must be exercised when filing the declaration of commencement of activity, or in the census declaration (form 036 or 037) during the month of December prior to the start of the calendar year in which it is to take effect.The option is deemed to be extended, unless waived.

The waiver of the RECC shall be exercised by notifying the competent body of the AEAT by means of the census declaration to be filed in the month of December prior to the start of the calendar year in which it is to take effect.Such resignation shall have effect for a minimum period of three years.

Taxable persons under this system must include the following information in the register of invoices issued:

  1. That the operation has been carried out in accordance with RECC.

  2. The dates on which the transaction was collected, in part or in full, with a separate indication of the amount involved.

  3. Indication of the bank account or the means of payment used, which can credit the total or partial payment of the operation.

Taxpayers under this system, as well as taxpayers who are not under RECC but who are recipients of transactions affected by it, must include the following information in the register of invoices received:

  1. That the transaction has been carried out in accordance with the ECTR.

  2. The dates of payment, in part or in full, of the transaction, with a separate indication of the amount involved.

  3. Indication of the means of payment by which the total or partial amount of the transaction is paid.