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V2105-17 ·8 August 2017 ·consulta-vinculante Medium impact
Tax

Credit notes may include both VAT and the equivalence surcharge

A query was raised regarding whether a credit note issued for product returns must include both VAT and the equivalence surcharge, or only the VAT. The Directorate-General for Taxes (DGT) ruled that if a credit note is issued, it must reflect the rectification of both amounts.

In 6 key points

How it affects those involved

Businesses subject to the equivalence surcharge must ensure that credit notes for returns correctly adjust both the VAT and the surcharge to maintain tax compliance.

Lifecycle

2017-08-08PublishedPublished 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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