IVA repercutido (output VAT)

IVA repercutido is the VAT you add to your invoices and collect from your clients on your sales. It is not your income: you collect it on behalf of the tax agency and pay it over with the quarterly modelo 303 return, after subtracting your deductible input VAT.

Practical tip: set it aside in full as you get paid, because at the end of the quarter you must hand it over even if you have already spent it. How it is reported is covered in our modelo 303 guide.

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Tipo impositivo (tax rate)

IVA soportado (input VAT)

Full glossary