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V2240-19 ·20 August 2019 ·consulta-vinculante Medium impact
Tax

Cannot reduce VAT taxable base if creditor-society link exists

A company asked whether it could reduce the VAT taxable base of unpaid invoices from a bankrupt company, as it holds a stake in a SAT that is the majority shareholder of the debtor company. The DGT replied that, due to the link, such modification is not permitted.

In 6 key points

How it affects those involved

Taxpayers with ownership links to bankrupt companies cannot reduce VAT taxable bases for unpaid invoices.

Lifecycle

2019-08-20PublishedPublished 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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