February 2021

The Convention between the Kingdom of Spain and Japan to eliminate double taxation in relation to income taxes and prevent tax avoidance and evasion and its Protocol, done in Madrid on October 16, 2018, has been published.

Given its relevance, information is provided on the criteria issued by the Central Economic Administrative Court (TEAC) in relation to the VAT tax base and discounts on automobile sales that, in part, are borne by the financial entity that grants the financing.

The updated registration designs for model 189 (Informative Declaration) are published. Securities, insurance and income) corresponding to the 2020 financial year. These designs do not include the “Nominal value of securities” field, since it is not foreseeable that the necessary regulatory modification will be approved before the start of the model submission period.

The procedure and conditions for the payment of debts by means of transfers through entities collaborating in the collection management entrusted to the Tax Agency are defined. This procedure may only be used by those obliged to pay who choose to make the payment remotely and who do not have an account in their name with any entity collaborating with the Tax Agency and, in particular, when this type of payment is intended to be made from abroad. It will only be applicable for certain payment transactions and various self-assessments are exempt. It will be applicable from March 15, 2021.

The European Commission has established a prior authorisation regime for exports of COVID-19 vaccines manufactured in the European Union that are covered by an Advance Purchase Agreement with the European Union. 　

The regime will be in force from January 30, 2021 to March 31, 2021.