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V2387-21 ·23 August 2021 ·consulta-vinculante Medium impact
Tax

Exclusivity income must be recognised during the contract term according to accrual accounting

A hospitality company has enquired whether income received from an exclusivity agreement with a supplier should be taxed at the time of payment or spread across the duration of the contract. The DGT has ruled that it must be recognised as the rebates accrue, in accordance with accounting principles.

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2021-08-23PublishedPublished 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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