Legal conditions for access to the market
Spain, as an EU member, is an integral part of the Customs Union, which is essentially characterized by the free movement of goods and the adoption of a common trade policy with third countries.
The Single Market, set up in 1993 between the EU Member States, has created a large internal economic space, reflected in the freedom of movement of goods, capital, people and services, and the internal customs, fiscal and technical frontiers have been abolished.
Accordingly, goods originating in the EU or released for free circulation within the Community are exempt from customs controls, but without prejudice to their quality and technical characteristics.
The general rule of free trade with third countries does not prevent the Community authorities from imposing restrictions on imports (fixing annual quotas) when negotiated within the World Trade Organization.
The PEC is based on the Harmonized Commodity Description and Coding System, with commodity rights being the most ad valorem import customers, calculated on the CIF value of the goods.
In addition to these charges, there is also the payment of Value Added Tax (Impuesto sobre el Valor Añadido – IVA).
This charge, depending on the products and services, is reflected in the following rates (VAT Rates - Spain):
- 21% (normal rate), applicable to most goods and services;
- 10% (reduced rate) for example on certain foodstuffs, water, veterinary medicinal products and certain services (eg hotel and catering, transport of passengers and their luggage);
- 4% (super-reduced rate), which relates in particular to foodstuffs of prime necessity, certain medicinal products, books, magazines and newspapers.
It is also necessary to consider the payment of Special Taxes (Impuestos Especiales / Impuestos Especiales de Fabricación) that affect the production, transformation or importation of certain products, such as alcohol, alcoholic beverages, petroleum products, tobacco and electric energy. In the webpage of Agencia Tributaria, interested parties can access detailed information on Impuestos Especiales, namely the applied taxes (Tipos Impositivos Exigibles para cada Producto en cada Estado).
Interested parties can access tax and customs information in the EU website, where VAT Rates Applied in the Member States of the European Union are available, as well as Excise Duty Rates Applicable in the European Union; Alcoholic Beverages / Energy Products and Electricity / Manufactured Tobacco.
The Treaty on European Union enshrines, among other principles, the free movement of capital, from which it forms a general framework for foreign investment common throughout the Community, within the limits of the principle of subsidiarity, without prejudice to the legislative instruments established by the Member States Member States.
Source: www.portugalglobal.pt
FEIRA E MERCADO / TRADE SHOW AND MARKET