Subjective requirements

The Special Regime of the Cash Basis (hereinafter RECC) may be applied by taxpayers whose volume of operations during the previous calendar year has not exceeded 2,000,000 euros.

To calculate the volume of transactions, the total amount of the same will be taken, excluding VATand, where applicable, the equivalence surcharge and the flat-rate compensation, of the deliveries of goods and services provided by the taxpayer during the previous calendar year, excluding those that are exempt, as well as occasional deliveries of real estate, those of investment goods and financial operations and those exempt from investment gold that are not usual. The operations will be deemed to have been carried out when the accrual of VAT occurs or would have occurred if RECC had not been applicable to the operations.

Taxpayers whose cash collections from the same recipient during the previous calendar year exceed the amount of 100,000 euros will be excluded.