Skip to content
V2676-18 ·2 October 2018 ·consulta-vinculante Medium impact
Tax

VAT taxable amount must be rectified if monetary compensation replaces a payment in kind

A taxpayer received financial compensation from a co-owner to cover a price reduction in a land sale, following an initial agreement for a barter transaction where the consideration was land development. The Tax Agency ruled that this constitutes a modification of the taxable amount of the original transaction.

In 6 key points

How it affects those involved

This ruling clarifies that when the nature of the consideration changes from goods or services to cash, the original VAT taxable amount must be adjusted through corrective invoicing.

Lifecycle

2018-10-02PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

Does this provision affect you?

The tax team reviews your specific situation.

Talk to the tax team
This analysis is informational only and does not constitute legal advice or create a client-adviser relationship. BM Consulting.
Email
Contact