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V0077-16 ·13 January 2016 ·consulta-vinculante Medium impact
Tax

Reduced 4% VAT rate applied to medicinal liquid nitrogen due to its classification as a medicine

A query was made regarding the VAT rate applicable to the supply of medicinal liquid nitrogen. The Directorate-General for Taxes (DGT) ruled that, as it is classified as a medicine under Law 29/2006, the reduced tax rate of 4% applies.

In 5 key points

How it affects those involved

This ruling confirms the tax benefits for medicinal gases, ensuring that liquid nitrogen used for medical purposes is subject to the lower VAT rate rather than the standard rate.

Lifecycle

2016-01-13PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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This analysis is informational only and does not constitute legal advice or create a client-adviser relationship. BM Consulting.
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