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V0143-20 ·21 January 2020 ·consulta-vinculante Medium impact
Tax

VAT taxable base may be reduced due to insolvency if post-insolvency declaration deadlines are met

A company has enquired whether it can amend the VAT taxable base following the declaration of insolvency of a client who has failed to pay outstanding invoices. The Directorate General for Taxes (DGT) has ruled that this is possible, provided that the requirements of the VAT Act and the deadlines set out in the Insolvency Act are satisfied.

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2020-01-21PublishedPublished 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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