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V1702-21 ·2 June 2021 ·consulta-vinculante Medium impact
Tax

Potential reduction of VAT taxable base due to uncollectible invoices in insolvency proceedings

An energy company has inquired whether it can recover VAT on invoices that remain unpaid by a company in insolvency proceedings, specifically regarding claims against the estate. The Directorate General for Taxes (DGT) has ruled that it is possible to adjust the taxable base in cases of uncollectible debts, provided all legal requirements are met.

In 6 key points

How it affects those involved

This ruling provides clarity for creditors in insolvency proceedings, confirming that VAT can be recovered through the rectification of the taxable base when debts are deemed uncollectible.

Lifecycle

2021-06-02PublishedPublished 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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