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V0339-20 ·12 February 2020 ·consulta-vinculante Medium impact
Tax

Application of special pro rata in the differentiated sector of financial activities other than financial leasing

A financial institution sought guidance on deducting VAT for goods and services used partially in activities that grant deduction rights within a differentiated sector. The DGT clarifies that, where financial leasing activities (a separate sector by law) coexist with other financial activities (which may form a single differentiated sector), the special pro rata must be applied to the latter sector if the option has been exercised.

In 6 key points

How it affects those involved

This ruling clarifies the VAT deduction mechanisms for financial institutions operating across different sectors, specifically distinguishing between financial leasing and other financial activities when applying special pro rata rules.

Lifecycle

2020-02-12PublishedPublished 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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