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V1229-21 ·5 May 2021 ·consulta-vinculante Medium impact
Tax

The equivalence surcharge regime applies to retailers and purchase expenses are deductible for Personal Income Tax if requirements are met

A consultant planning to open a retail pet food business inquires about their VAT and Personal Income Tax regime. The DGT clarifies that they will be taxed under the equivalence surcharge regime for VAT and that purchase expenses will be deductible for Personal Income Tax provided they are correlated with income and duly justified.

In 6 key points

Lifecycle

2021-05-05PublishedPublished 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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