With effect from January 1st 2016, the list of goods which can be introduced into a Spanish Bonded Warehouse (the so called DDA) and consequently, benefit from important VAT …
With effect from January 1st 2016, the list of goods which can be introduced into a Spanish Bonded Warehouse (the so called DDA) and consequently, benefit from important VAT exemptions, is significantly diminished.
Only (i) excisable goods, (ii) goods with origin of a territory located within the Community Customs Territory but not within the common VAT system and (iii) certain commodities expressly listed in the VAT Law can benefit from this DDA regime. Therefore, goods with origin of a Third country will be no longer eligible to apply this VAT suspension regime (DDA).
Additionally, the owner of the warehouse will be made severally liable for the VAT debt payable as a consequence of the release of the goods from the warehouse. This will have a direct impact on the fees charged by the owners of these warehouse to the depositors for the use of the warehouse premises.
Fernando Matesanz
Spanish VAT Services Asesores
