Introduction

Since 2014, statistical analysis by VAT item has been based on information obtained from the aggregation of two sources: the Annual VAT Summary declarations (form 390, approved by Order HAP 2373/2014 of December 9, 2014) submitted by all non-exempt taxpayers within the scope of the Common Tax Regime Territory, whether with exclusive taxation to the State or with taxation to several administrations; and the periodic declarations submitted by taxpayers exempt from submitting the Annual Summary. This integration has allowed for the collection of complete data on all VAT taxpayers for a given fiscal year, and full comparability of the Statistics figures for subsequent fiscal years with those for previous fiscal years.

Royal Decree 596/2016 of December 2 establishes an obligation for monthly VAT taxpayers to maintain invoice records through the Tax Agency's electronic office. The procedure is known as the "Immediate Information System," or SII. The entry into force of the Royal Decree on July 1, 2017, means the elimination of the obligation to present the form 340 and the form 390, therefore, for the preparation of these statistics, from the year 2017, a pseudo-declaration of the form 390 is also incorporated for those obliged to the SII, using different data sources (see "Explanatory note of the methodological changes of 2017).

The value-added tax is a tax with significant revenue implications, and is also one of the most significant non-financial revenues of the State.

All of this justifies the need to understand in detail the amounts included in the annual tax settlement, with reference to the different tax regimes, tax base brackets, and territorial aggregation, as highlighted in the content of this publication.