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V1578-21 ·26 May 2021 ·consulta-vinculante Medium impact
Tax

Losses, theft or destruction of consignment goods not taxable if minor and no economic counterpart

The consultant asks how VAT applies to lost, stolen or destroyed goods in a consignment sales system. The DGT responds that losses below 5% of value or quantity are considered minor losses and do not involve transfer of goods.

In 6 key points

Lifecycle

2021-05-26PublishedPublished 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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