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V1545-20 ·22 May 2020 ·consulta-vinculante Medium impact
Tax

Timing of recognition for economic activity income depends on instalment sales or accrual basis

The taxpayer asks whether income received in 2019, relating to a 2012 invoice, should be recognised in the 2019 financial year. The DGT explains that timing depends on whether the accrual principle applies or if the transaction qualifies as an instalment sale or a deferred payment.

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2020-05-22PublishedPublished 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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