I. Services related to exports to forwarders and shipping agents are EXEMPT (Art. 21.5º.68 LIVA. This exemption is retroactive to 1. January 2015)
II. Import of goods that are allocated to duty-free shops subject to warehousing system other than customs warehousing are EXEMPT(Art. 65.d.69 LIVA)
II The simplified method can only be applied when in the prior year none of the following limits was overcome (Art.70 LIRPF):
- 250.000 € untaxed income for the whole economic activities.
- 250.000 € purchases in goods and services. Art. 31.1.3ª LIRPF)
(Above mentioned limits are only applicable in 2016/17. Limit for 2018: 150,000 €)
III. Civil societies which become Corporations after 1. January 2016 will be able to deduct the result of multiplying VAT + equivalence surcharge to the stock inventoried on the termination date. (Art.155 LIVA and 60 of RIVA).
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