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V1841-15 ·11 June 2015 ·consulta-vinculante Medium impact
Tax

Corporate Tax and VAT treatment for second-hand mobile phone sales and donations to NGOs

A company trading in second-hand mobile phones has requested clarification regarding the documentation required to deduct expenses, the VAT treatment of its operations, and the deductibility of donations to NGOs. The DGT clarifies that donations do not constitute expenses but rather tax credits against the tax liability, and provides details on the rules governing the special regime for second-hand goods.

In 6 key points

How it affects those involved

Companies trading in second-hand goods must distinguish between deductible expenses and tax credits for donations, while ensuring compliance with the special VAT regime for used goods.

Lifecycle

2015-06-11PublishedPublished 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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