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V2217-18 ·25 July 2018 ·consulta-vinculante Medium impact
Tax

Obligation to submit tax returns and annual summary for taxable and exempt transactions

A financial agent enquires whether they must submit VAT returns when providing exempt services alongside others subject to tax. The DGT rules that, by conducting activities that are both taxable and not exempt, the agent is obliged to submit periodic tax returns and the annual summary return.

In 6 key points

How it affects those involved

Financial entities performing a mix of taxable and exempt activities must ensure compliance with both periodic and annual VAT reporting requirements.

Lifecycle

2018-07-25PublishedPublished 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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