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V0116-17 ·20 January 2017 ·consulta-vinculante Medium impact
Tax

Assignment of receivables in forfaiting contracts is VAT exempt, but credit management is taxable

The taxpayer queried the VAT treatment of forfaiting contracts involving the non-recourse assignment of receivables. The DGT ruled that the assignment of receivables is an exempt operation, whereas the management of said receivables by the assignor constitutes an administrative service subject to VAT.

In 6 key points

How it affects those involved

This ruling clarifies the distinction between the exempt assignment of credit and the taxable administrative services associated with managing those credits within forfaiting arrangements.

Lifecycle

2017-01-20PublishedPublished 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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