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V0933-17 ·12 April 2017 ·consulta-vinculante Medium impact
Tax

Foreign currency exchange differences on invoicing are included in business income

A self-employed worker asks which exchange rate should be applied to foreign currency invoices in Form 130 and the annual tax return. The DGT rules that accounting valuation standards must be followed to determine net income.

In 6 key points

How it affects those involved

This clarification ensures consistency between accounting practices and tax reporting for self-employed individuals dealing with foreign currency transactions.

Lifecycle

2017-04-12PublishedPublished 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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