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Practical manual VAT 2024.

Formal obligations

The option for the application of the RECC must be exercised at the time of submitting 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 must take effect. The option is deemed to be extended, unless waived.

The waiver of the RECC will be exercised by communicating to the competent body of the AEAT through the census declaration that will be presented in the month of December prior to the beginning of the calendar year in which it must take effect. Such resignation shall be effective for a minimum period of three years.

Taxpayers subject to this regime must include the following information in the register of invoices issued:

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

  2. The dates of partial or total collection of the transaction, with a separate indication of the corresponding amount.

  3. Indication of the bank account or means of payment used, which can prove full or partial collection of the transaction.

Taxpayers covered by this regime, as well as taxpayers not covered by the recipients of operations affected by it, must include the following information in the register of invoices received:

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

  2. The dates of partial or total payment of the transaction, with a separate indication of the corresponding amount.

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