{"id":25314,"date":"2024-02-27T09:38:40","date_gmt":"2024-02-27T09:38:40","guid":{"rendered":"https:\/\/www.benidormdmc.com\/?p=25314"},"modified":"2024-02-27T12:58:46","modified_gmt":"2024-02-27T12:58:46","slug":"did-you-know-that-if-you-come-to-spain-to-hold-your-events-you-have-excellent-tax-advantages","status":"publish","type":"post","link":"https:\/\/www.benidormdmc.com\/en\/did-you-know-that-if-you-come-to-spain-to-hold-your-events-you-have-excellent-tax-advantages\/","title":{"rendered":"Did you know that if you come to Spain to hold your events, you have excellent tax advantages?"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_68_1 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<label for=\"ez-toc-cssicon-toggle-item-6ab72d553ce90\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #000000;color:#000000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #000000;color:#000000\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6ab72d553ce90\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.benidormdmc.com\/en\/did-you-know-that-if-you-come-to-spain-to-hold-your-events-you-have-excellent-tax-advantages\/#Indeed_this_happens_when_you_contract_all_the_services_you_need_to_hold_an_event_in_Spain_with_a_single_DMC_agency_We_are_Benidorm_DMC_and_we_can_manage_your_events_in_the_Region_of_Valencia\" title=\"Indeed, this happens when you contract all the services you need to hold an event in Spain with a single DMC agency. We are Benidorm DMC, and we can manage your events in the Region of Valencia.\">Indeed, this happens when you contract all the services you need to hold an event in Spain with a single DMC agency. We are Benidorm DMC, and we can manage your events in the Region of Valencia.<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.benidormdmc.com\/en\/did-you-know-that-if-you-come-to-spain-to-hold-your-events-you-have-excellent-tax-advantages\/#How_does_this_become_a_reality\" title=\"How does this become a reality?\">How does this become a reality?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.benidormdmc.com\/en\/did-you-know-that-if-you-come-to-spain-to-hold-your-events-you-have-excellent-tax-advantages\/#What_is_SUCOE\" title=\"What is SUCOE?\">What is SUCOE?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.benidormdmc.com\/en\/did-you-know-that-if-you-come-to-spain-to-hold-your-events-you-have-excellent-tax-advantages\/#Events_without_VAT_advantages_of_using_SUCOE\" title=\"Events without VAT: advantages of using SUCOE.\">Events without VAT: advantages of using SUCOE.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.benidormdmc.com\/en\/did-you-know-that-if-you-come-to-spain-to-hold-your-events-you-have-excellent-tax-advantages\/#Requirements_for_SUCOE_to_invoice_without_VAT_To_be_exempt_from_VAT_an_event_must\" title=\"Requirements for SUCOE to invoice without VAT To be exempt from VAT, an event must:\">Requirements for SUCOE to invoice without VAT To be exempt from VAT, an event must:<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.benidormdmc.com\/en\/did-you-know-that-if-you-come-to-spain-to-hold-your-events-you-have-excellent-tax-advantages\/#We_are_DMC\" title=\"We are DMC\">We are DMC<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Indeed_this_happens_when_you_contract_all_the_services_you_need_to_hold_an_event_in_Spain_with_a_single_DMC_agency_We_are_Benidorm_DMC_and_we_can_manage_your_events_in_the_Region_of_Valencia\"><\/span>Indeed, this happens when you contract all the services you need to hold an event in Spain with a single DMC agency. We are Benidorm DMC, and we can manage your events in the Region of Valencia.<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"How_does_this_become_a_reality\"><\/span>How does this become a reality?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>In Spain, we have a fiscal advantage enabled by the<a href=\"https:\/\/sede.agenciatributaria.gob.es\/\"> Spanish Tax Agency<\/a> through the SUCOE system. This system allows DMC agencies to invoice clients from the European Union (+ Norway, Iceland, and Switzerland) without VAT, invoicing all contracted services in a single invoice rather than separately through independent invoices from the providers.<\/p>\n<p>This results in a single provision, as even though multiple services are provided, they are closely linked and treated as a single provision.<\/p>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_SUCOE\"><\/span>What is SUCOE?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>SUCOE stands for Servicio \u00danico Complejo de Organizaci\u00f3n de Congresos y Eventos (Single Complex Service for the Organization of Congresses and Events). It is a significant initiative by the Spanish government that makes us a highly competitive destination, and DMC agencies like <a href=\"https:\/\/www.benidormdmc.com\/en\/mice-services\/\">Benidorm DMC &amp; Events<\/a> are the only possible intermediaries under this regulation in B2B operations in the MICE sector.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Events_without_VAT_advantages_of_using_SUCOE\"><\/span>Events without VAT: advantages of using SUCOE.<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>When all services for an event are contracted through a DMC agency using the <a href=\"https:\/\/www.eventoplus.com\/articulos\/leccion-de-fiscalidad-en-eventos-repaso-del-iva-y-el-sucoe\/\">SUCOE<\/a> system, there is a saving between 10% and 21% depending on the services contracted, with an average of 15% savings on the cost of a complete program.<\/p>\n<p>This option is very interesting when clients are from sectors such as education, healthcare, or financial services, sectors that can not deduct the VAT incurred when they do not use SUCOE and receive multiple invoices from providers with VAT. It is also very advantageous in terms of company treasury management, especially when contracting services for large-scale events in Spain.<\/p>\n<p>When you use the SUCOE system with a DMC agency like Benidorm DMC, you do not have to pay VAT, thus avoiding waiting several months for VAT refunds, which is common in Spain, typically a minimum of 6 months after the end of the fiscal year.<\/p>\n<p>As an example, a client who, before contracting with us, held an event in March through various providers, paying all invoices with VAT, did not receive the corresponding \u20ac65,000 VAT refund until June of the following year.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Requirements_for_SUCOE_to_invoice_without_VAT_To_be_exempt_from_VAT_an_event_must\"><\/span>Requirements for SUCOE to invoice without VAT To be exempt from VAT, an event must:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Be based on a B2B relationship, i.e., between companies. DMC &lt;&gt; Client<\/li>\n<li>Be a corporate business trip, in events such as congresses, conventions, conferences, seminars, kick-offs, fairs, exhibitions&#8230;<\/li>\n<li>The service must include components such as accommodation, rental of meeting spaces, transfers, rental of audiovisual equipment, technical assistance or catering, for example.<\/li>\n<li>All contracted services must be produced and invoiced by a single event agency with fiscal domicile in Spain.<\/li>\n<li>Include in a SUCOE contract all elements invoiced by the same agency together on a single invoice.<\/li>\n<li>It is not valid if the contact is made directly with the suppliers providing the service.<\/li>\n<li>Everything must go on a single invoice issued by a DMC agency, and there must be a signed contract specifying all the requested services. This step is essential for the Spanish Tax Agency to accept invoices under this special VAT-exempt regime.<\/li>\n<li>Expenses exclusively for incentive travel or expenses for companions of attendees at congresses, conventions, seminars, or fairs would not fall under this provision.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-4070 size-full\" title=\"Concierto ADDA\" src=\"https:\/\/www.benidormdmc.com\/wp-content\/uploads\/2019\/09\/creatividad-1-e1709026544835.jpg\" alt=\"evento\" width=\"800\" height=\"440\" srcset=\"https:\/\/www.benidormdmc.com\/wp-content\/uploads\/2019\/09\/creatividad-1-e1709026544835.jpg 800w, https:\/\/www.benidormdmc.com\/wp-content\/uploads\/2019\/09\/creatividad-1-e1709026544835-300x165.jpg 300w, https:\/\/www.benidormdmc.com\/wp-content\/uploads\/2019\/09\/creatividad-1-e1709026544835-768x422.jpg 768w, https:\/\/www.benidormdmc.com\/wp-content\/uploads\/2019\/09\/creatividad-1-e1709026544835-640x352.jpg 640w, https:\/\/www.benidormdmc.com\/wp-content\/uploads\/2019\/09\/creatividad-1-e1709026544835-700x385.jpg 700w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/p>\n<h2><\/h2>\n<h2><span class=\"ez-toc-section\" id=\"We_are_DMC\"><\/span>We are DMC<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><a href=\"https:\/\/www.benidormdmc.com\/en\/experiences-and-activities\/\">Benidorm DMC<\/a>, the leading agency in the region, ensures that the MICE experience in Benidorm and the <a href=\"https:\/\/www.comunitatvalenciana.com\/en\/home\">Region of Valencia<\/a> will be unforgettable. We will provide creative solutions, leveraging our deep knowledge of local tourism resources, and will offer personalized proposals tailored to your needs. All of this will undoubtedly exceed your expectations.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indeed, this happens when you contract all the services you need to hold an event in Spain with a single DMC agency. We are Benidorm DMC, and we can manage your events in the Region of Valencia. How does this become a reality? In Spain,&#8230;<\/p>\n","protected":false},"author":1,"featured_media":5338,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[73],"tags":[75,76,89],"class_list":["post-25314","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-benidorm-dmc-news","tag-events","tag-mice-en","tag-tax"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Excellent tax advantages SUCOE System in Spain<\/title>\n<meta name=\"description\" content=\"Discover excellent tax advantages in Spain with Benidorm DMC. 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