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V1474-16 ·7 April 2016 ·consulta-vinculante Medium impact
Tax

The 1% limit for donations and gifts applies to the tax group's consolidated turnover

A company inquired whether the 1% turnover limit for deducting donations and gifts applies to individual or consolidated turnover. The DGT ruled that it must be applied to the tax group's consolidated turnover.

In 6 key points

How it affects those involved

Companies within a tax group must calculate the deductibility limit for donations based on their consolidated turnover rather than individual entity turnover.

Lifecycle

2016-04-07PublishedPublished 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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