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V0131-24 ·16 February 2024 ·consulta-vinculante Medium impact
Tax

Sponsorship income for minor athletes may be subject to VAT and Income Tax if it constitutes an economic activity

A query was raised regarding whether a minor receiving financial compensation for sponsorship in karting tournaments must pay VAT and Income Tax. The DGT indicates that if there is an organisation of means to intervene in the market, the services are subject to VAT and the income is classified as earnings from economic activities for Income Tax purposes.

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Lifecycle

2024-02-16PublishedPublished 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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