As introduced by the Spanish Tax Company, right this moment July 1, 2021, the new European laws that can have an effect on your online purchases come into pressure. It is a transposition of European regulation that modifies the taxation of products purchased exterior the EU. The identical ones that till now have been exempt when their declared worth was lower than 22 euros.
Authorized on April 27, 2021, Royal Decree-Legislation 7/2021, comes to switch Legislation 37/1992 on VAT, in some vital factors that have an effect on digital purchases for items exterior the EU. In actuality, what the Royal Decree does is to include the VAT Legislation Directives 2017/2455 and 2019/1995 of the Council, modifying the VAT therapy of digital commerce.
This implies that, as of right this moment (date of entry into pressure) and no matter the worth of the items, if you happen to reside in Spain, both on the Peninsula or in the Balearic Islands, you’ll have to pay import VAT for all online purchases that do exterior the EU (or in the Canary Islands, Ceuta or Melilla).
Goodbye to low cost purchases of lower than 22 euros
A very powerful consequence is that from now on all the things you purchase on Aliexpress with origin China or exterior the EU, it will likely be just a little dearer. The VAT exemption on the import of shipments with a price of as much as 22 euros is definitively eradicated:
Elimination of the exemption on imports of low-value items
at the moment relevant as much as 22 euros of worldwide worth of the merchandise.
In such a means that imports of products that don’t go to the window
solely should pay VAT on import.
Two modalities for VAT: identical outcome
A determine that even had a motive for being and that many importers and patrons took benefit of to maintain the value of purchases at bay. The new regulation additionally consists of two procedures totally different that you’ll have to bear in mind from now on, relying on the value:
In any case, VAT cost is utilized to purchases with a price lower than or equal to € 150 originating exterior the EU or the Canary Islands, Ceuta or Melilla. For these circumstances, the norm foresees two cost strategies.
Fee of VAT to the Put up Workplace when the merchandise arrives. Fee of VAT to the digital platform at the time of buy and that it is the one which declares the worth of the buy to the Treasury.
The results of each is the identical: the ultimate value you pay for what you purchase online exterior the EU will rise in line with the kind of product and the% VAT paid. The distinction is that in considered one of the modalities you’ll have to be the one who pays the VAT. And in the different, the vendor will embrace it in the bill and it will likely be paid at the time of buy.
How VAT will likely be paid for online purchases from right this moment
Photograph by Quino Al on Unsplash
In the first modality, that is, cost at reception, the State Tax Administration Company (AEAT) authorizes Correos to course of the dispatch and assortment of VAT of one of these merchandise in your behalf at the time of supply of the packages.
On this means, as of right this moment and if this modality is used, you’ll obtain at dwelling the shipments of online purchases after cost of VAT and a postal dispatch price (what Correos fees you for the administration). The cost in any case, will likely be made at the time of assortment. This implies that from right this moment you’ll pay: the worth of the merchandise + VAT + postal surcharge.
In the second case, if you pay VAT at the time of buy, the retailer the place you purchase (when it is exterior the EU), will facilitate the cost of the tax in the buy course of. From there you possibly can neglect about it, since in line with the regulation these firms will likely be accountable for sending your cost to the AEAT via the “IOSS Import One Cease Store” (Import One Cease Store, in English). A unified process throughout the EU.
For shipments with a price larger than € 150 euros, this new regulation won’t indicate any change., and all the things you import will work as earlier than, together with customs clearance and declaration of worth.