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Practical Handbook VAT 2021

Formal obligations

Entrepreneurs or professionals under the simplified regime of VAT must comply with the following formal obligations:

  1. Keep a register of invoices received, in which invoices relating to purchases and imports of goods and services on which the tax has been paid or paid shall be recorded.Acquisitions and imports of fixed assets will be recorded separately, as well as the information needed to make any necessary adjustments.

    If you carry out other activities not attached to the simplified regime, any acquisitions corresponding to each different sector must be recorded separately.

  2. They must keep a transaction register if they carry out any of the activities whose indices or modules operate on the volume of income.

  3. They shall keep proof of the rates or modules applied.