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V2355-18 ·20 August 2018 ·consulta-vinculante Medium impact
Tax

Reduction of taxable base for bad debts is not permitted if legal requirements are not met

A cereal sales company has requested clarification on whether it can reduce its VAT taxable base due to a commercial debt from a client in pre-insolvency proceedings. The Directorate General of Taxes (DGT) ruled that such a reduction is not applicable if the requirements regarding time limits and the initiation of judicial or notarial collection procedures are not satisfied.

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2018-08-20PublishedPublished 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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