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V1247-17 ·23 May 2017 ·consulta-vinculante Medium impact
Tax

Currency exchange operations are VAT exempt and allow for deduction if the recipient is non-resident

An entity requested clarification regarding VAT exemptions and the right to deduction for currency exchange services and VAT refunds for travellers. The DGT clarifies that currency exchange is an exempt service and that, if the recipient does not reside in the Community, the operation is not subject to tax.

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2017-05-23PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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