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V0506-23 ·3 March 2023 ·consulta-vinculante Medium impact
Tax

VAT on olives in deposit accrues when the cooperative sells the processed product to a third party

A company has requested clarification on when to invoice VAT for olives placed in a cooperative's deposit. The DGT clarifies that, under a deposit scheme, VAT accrual occurs upon the sale of the product by the cooperative, unless advance payments are made.

In 6 key points

How it affects those involved

This ruling clarifies the timing of VAT accrual for businesses using cooperative deposit schemes, distinguishing between the deposit of raw goods and the sale of processed goods.

Lifecycle

2023-03-03PublishedPublished 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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