Tax settlement and payment
Find out about tax obligations for the settlement and payment of the tax.
Taxpayers must pass on the excise tax on electricity to the person for whom they carry out the taxable transaction, and the latter is obliged to pay it.
The accrued amounts shall be invoiced separately from the other items included in the invoice.
In the case of exempt or reduced transactions, the invoice shall mention this circumstance with an indication of the applicable provision and the charge must be made on the basis of the data communicated by the beneficiaries.
The resulting taxes shall not be passed on when the consumer is a taxpayer, nor in cases of settlement as a result of inspection reports or indirect estimation of bases.
Taxpayers must file the corresponding self-assessment, form 560, and simultaneously make the payment of the tax debt.
Taxpayers who are not traders or distributors are not obliged to submit the aforementioned self-assessment for settlement periods in which the tax payable is zero.
The settlement period can be monthly, quarterly or annually.
The settlement period will be that corresponding to the calendar month in the case of taxpayers whose VAT settlement period is monthly, based on their volume of transactions or other circumstances provided for in the VAT regulations.
The settlement period will be that corresponding to the calendar quarter in the case of taxpayers whose VAT settlement period is quarterly, based on their volume of transactions or other circumstances provided for in the VAT regulations.
The settlement period shall be annual for supplies of electricity under non-taxable, exempt or reduced rates, where the consumer has unduly benefited from these tax benefits because they have not communicated the exact details of the adjustment to the supplier.
In any case, the self-assessment shall be filed during the first twenty calendar days following the corresponding settlement period.