Spain: New obligation to keep accounting records for products subject to manufacturing excise duties

Effective January 1, 2025

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February 4, 2025

Ministry of Finance Order HAC/1505/2024 of December 26, 2024, which implements the obligation to keep accounting records for products subject to manufacturing excise duties, was published in the official gazette on December 31, 2024, and became effective January 1, 2025.

The purpose of the new obligation is to move towards an accounting-period based bookkeeping system under which the supply of accounting entries relating to products subject to manufacturing excise duties is linked to the accounting period in which the movement, transaction, or process takes place.

Read a February 2025 report prepared by the KPMG member firm in Spain

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