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Category Name: Law

This is holiday renting in Mallorca – turnover tax out of the blue!

He thought that he had done everything right, but the owner of a holiday home was still unpleasantly surprised when advised by the tax authorities that he owed turnover tax (Spanish:IVA) – out of the blue.
The person concerned is puzzled as he does not operate a purely commercial holiday-home rental which would be liable to VAT, only the administratively and fiscally- simplified version for which no IVA accounting is necessary.

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