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V2608-20 ·31 July 2020 ·consulta-vinculante Medium impact
Tax

Commission for vehicle repurchase risk coverage is subject to and exempt from VAT as a financial guarantee

An automotive company enquired whether the commission for guaranteeing that a dealership does not lose money on vehicle repurchases was subject to VAT. The DGT ruled that the service constitutes an exempt financial guarantee and that payments for price deviations are indemnities not subject to VAT.

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2020-07-31PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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