Subjective requirements

The special cash basis regime (hereinafter RECC) may be applied by taxpayers whose volume of operations during the previous calendar year has not exceeded 2,000,000 euros .

For the calculation of the volume of operations the total amount of the same will be taken, excluding the VAT and, where applicable, the equivalence surcharge and compensation flat rate, of the supplies of goods and services made by the taxable person during the previous calendar year, excluding the exempt ones, as well as the occasional supplies of real estate, investment goods and financial operations and the relative exempt to non-standard investment gold. 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 calendar year exceed amount of 100,000 euros will excluded.