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V2144-22 ·13 October 2022 ·consulta-vinculante Medium impact
Tax

Sale of tobacco products subject to VAT equivalence surcharge and mandatory transition to direct estimation for Income Tax

The inquirer asks how starting a business selling tobacco products affects their VAT and Income Tax (IRPF) obligations. The DGT rules that the VAT equivalence surcharge must be applied and that, for Income Tax purposes, the taxpayer must transition from the objective estimation method to the direct estimation method.

In 6 key points

How it affects those involved

Taxpayers entering the tobacco retail sector must adjust their accounting methods, moving from simplified objective estimation to direct estimation for Income Tax and applying specific VAT surcharges.

Lifecycle

2022-10-13PublishedPublished 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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