ICONOS FINALES-TRAZADOS

BASQUE COUNTRY AND NAVARRE: Review your pro rata at the end of the year

Translation generated by AI. Access the original version

If your company is on a pro rata basis for VAT, you will have to make some adjustments in the last tax return of the year.

The general pro rata allows companies to calculate the deductible VAT more easily. However, the law does not allow its use in cases where the company could be overly benefited by its application compared to the special pro rata regime. Therefore, if the deductible VAT with the general pro rata exceeds by 10% or more what would have been deducted with the special pro rata, your company must apply the latter obligatorily, already in that same fiscal year.

In any case, in the last VAT return of the year, you will have to make one of these adjustments:

✓If the 10% difference is not reached

Since during the year you have been deducting VAT provisionally according to the pro rata of the previous year, you must calculate the deductible VAT according to the definitive pro rata of the fiscal year and make the corresponding adjustment.

✓If the 10% difference is reached or exceeded

  You must switch to the special pro rata and adjust based on the deductible VAT resulting from the new calculation method.

Our professionals will calculate the definitive percentage of VAT that your company can deduct.
BASQUE COUNTRY AND NAVARRE: Review your pro rata at the end of the year

Contact request

* Campos obligatorios

Personal data protection.

Data controller: OFILEGA, S.L., 52374499A
CALLE EL SOL 19 BAJO , LEGANES

The purpose of the processing of your data is to respond to your queries and/or requests for information, based on your consent given when you provide your data (article 6.1.a, GDPR).
You may exercise the following rights over your data,

  • The right of information, access, rectification, objection, erasure ("to be forgotten"), restriction of
    processing, portability, non-transferability, to the limitation of processing, portability, not to be subject to automated individual decisions.
  • Remember that exercising your rights is free of charge. You can also lodge a complaint with the
    supervisory authority.

You can access the legal notice and the complete information here

Drag the arrow into the white box to activate the button