Régimen de devolución mensual del IVA

During the month of November, companies can apply for the monthly VAT refund system (REDEME) by filing a census return (form 036). Thus, from the following year onwards, they will be able to request the refund of the tax payable on a monthly basis, without having to wait for the last tax return of the year, with the financial savings that this entails.

How to apply for REDEME?

The company must be up to date with its tax obligations. In addition, and among other requirements:

• The company must not be in any of the situations for revocation of the NIF (for example, for not filing corporate income tax for three consecutive years).
• It must not be in any of the situations that give rise to the precautionary cancellation of the REDEME (for example, for not carrying out economic activities).

Many companies do not opt for REDEME

Because this regime obliges them to declare VAT every month and to file their VAT registration books online (via the SII system(*)).

However, companies with a turnover of more than €6,010,121.04 are already obliged to do so, so opting for REDEME does not entail any additional obligations, but only advantages.

If you have any doubts regarding this issue, please do not hesitate to contact us, by telephone to Carles Monfort Codina or by e-mail to cmc@btsasociados.com, we will be delighted to help you.

(*)SII : Immediate Supply of Information