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Spain relaxes VAT bank rule

  • VAT
  • 02 May 2016 | Richard Asquith

Spain relaxes VAT bank rule

Spain has proposed dropping the requirement for non-resident VAT registered businesses to provide a Spanish bank account for receipt of VAT credits.

The requirement has been deemed as prejudicing the operation of the EU Single Market, placing unnecessary administrative requirements on the free movement of goods and services.


VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He is part of the European leadership team which this year won International Tax Review's Tax Technology Firm of the Year. Richard qualified as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.