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V0805-16 ·29 February 2016 ·consulta-vinculante Medium impact
Tax

Deductibility of inventory impairment depends on the application of accounting valuation criteria

The taxpayer inquired whether a proprietary method for calculating inventory impairment provisions, based on a turnover ratio, is tax-deductible. The Directorate General of Taxes (DGT) ruled that the expense is deductible if recorded in accordance with the General Accounting Plan, but did not issue a ruling on the specific method proposed by the company.

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2016-02-29PublishedPublished 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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