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V2614-24 ·19 December 2024 ·consulta-vinculante Medium impact
Tax

Acquisition and collection of credit portfolios does not confer entrepreneur status or VAT deduction rights

An entity purchasing non-performing loan portfolios has queried whether it qualifies as a taxable person for VAT purposes and if it can deduct VAT on debt collection management services. The DGT ruled that the collection of credits is an exempt operation and does not constitute a taxable event; therefore, the entity does not qualify as a taxable person and cannot deduct VAT.

In 6 key points

How it affects those involved

This ruling clarifies that the activities involved in managing and collecting credit portfolios fall outside the scope of VAT, preventing entities from claiming input tax deductions on related management costs.

Lifecycle

2024-12-19PublishedPublished 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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