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V0572-14 ·5 March 2014 ·consulta-vinculante Medium impact
Tax

VAT deduction on inventory purchases: when it arises and four-year period

The consultant asks when VAT deduction on inventory purchases can be claimed and how this affects their income tax. The DGT clarifies that the right to VAT arises upon receipt of the invoice, and for income tax purposes, the deductible expense is the consumption of inventory, not the purchase itself.

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2014-03-05PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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