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V2340-22 ·14 November 2022 ·consulta-vinculante Medium impact
Tax

Financing costs of the social bond passed on in invoices are subject to VAT and Electricity Special Tax

An energy supplier has enquired whether the financing cost of the social bond, charged as a specific item on invoices, is subject to VAT and Electricity Special Tax. The DGT has ruled that such cost forms part of the taxable base for both taxes.

In 6 key points

How it affects those involved

This ruling clarifies that any financing costs related to the social bond passed on to consumers must be included in the tax base for both VAT and Electricity Special Tax, increasing the total tax burden on these specific invoice items.

Lifecycle

2022-11-14PublishedPublished 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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