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V1550-24 ·25 June 2024 ·consulta-vinculante Medium impact
Tax

Traders under the equivalence surcharge regime must self-assess VAT and the surcharge via Form 309 for intra-Community acquisitions

A footwear trader under the equivalence surcharge regime has enquired about the obligation to file Form 309 for purchases made in other Member States. The DGT has ruled that the trader must self-assess both the VAT and the equivalence surcharge using said form, and that these amounts are deductible as part of the higher purchase cost for Income Tax (IRPF) purposes.

In 6 key points

How it affects those involved

This ruling clarifies the tax obligations for small retailers under the equivalence surcharge regime regarding intra-EU acquisitions, ensuring correct VAT reporting and tax deductibility.

Lifecycle

2024-06-25PublishedPublished 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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