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V1957-24 ·17 September 2024 ·consulta-vinculante Medium impact
Tax

Inventory impairment charges recorded against reserves are deductible in the year the accounting adjustment is made, provided taxation is not reduced

A real estate company enquired whether inventory impairment recorded against reserves is tax-deductible. The DGT ruled that, as this constitutes a correction of errors from previous financial years, the expense must be included in the taxable base of the year in which the accounting entry is made, provided it does not result in lower taxation.

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2024-09-17PublishedPublished 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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