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Information and declaration of operations with the VAT rate at 5%

With effects from July 1, 2022 and until December 31, 2022 , article 18 of Royal Decree-Law 11/2022, of June 25, which adopts and certain measures are extended to respond to the economic and social consequences of the war in Ukraine, to address situations of social and economic vulnerability, and for the economic and social recovery of the island of La Palma (BOE of June 26) , establishes a reduction from 10 to 5 percent in the VAT tax rate that falls on all components of the electricity bill for electricity contracts whose fixed term power does not exceed 10 kW, when the average monthly price of the wholesale market in the month prior to billing has exceeded €45/MWh.

To alleviate situations of energy poverty among the most vulnerable consumers, the VAT tax rate applicable to the electricity bill of holders of electricity supply contracts who are recipients of the social bonus, and also have recognized the condition of being severely vulnerable or severely vulnerable at risk of social exclusion, during the period of validity of this royal decree-law, regardless of the price of electricity in the wholesale market .

This new tax rate is technically implemented as follows:

  1. Immediate Provision of Information ( SII ):

    In order to allow the new tax rate (5%) to be reported, the validations of the record books of invoices received and issued maintained through the electronic Headquarters ( SII ) have been modified, admitting the tax rate of 5% if the Operation date ≥ July 1, 2022 and ≤ December 31, 2022.

    This modification has been published in the "Technical Information" section of the "SII - Immediate Supply of VAT Information" portal, a new version of the validations document "Validations and errors document (6-28-2022)".

    Validations and errors document (6-28-2022)

  2. Models 303 and 322.

    In order to enable the declaration of electrical energy supplies taxed at the new tax rate, for self-assessments corresponding to tax periods that begin on or after July 1, 2022, the technical specifications of models 303 are modified. and 322 so that:

    • The tax bases and accrued fees corresponding to electrical energy supplies billed at the rate of 5% will be included in boxes 01 and 03.

    • In the case of operations at the rate of 4% and 5% simultaneously, the sum of the BI corresponding to both types will be included in box 01, in box 03 the sum of the quotas corresponding to the two types and in box 02 the type to which a higher quota corresponds will be indicated.