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V0944-19 ·30 April 2019 ·consulta-vinculante Medium impact
Tax

Obligation to adjust tax base due to hydrocarbon losses exceeding regulatory percentages

The applicant asks whether they must settle tax on hydrocarbon quantities that exceed the permitted loss percentages during internal circulation. The DGT rules that if losses exceed this limit and are detected upon receipt of the products, the sender must make an accounting adjustment that will affect the tax base.

In 6 key points

How it affects those involved

Companies handling hydrocarbons must ensure that any losses exceeding regulatory thresholds during internal circulation are accounted for through tax base adjustments to ensure compliance.

Lifecycle

2019-04-30PublishedPublished 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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