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V2807-16 ·21 June 2016 ·consulta-vinculante Medium impact
Tax

Civil societies subject to Corporate Tax must maintain accounts in accordance with the Commercial Code

A civil society engaged in commercial activity has enquired whether it must apply the General Accounting Plan or if it may continue using its current records of income, expenses, and purchases. The DGT has ruled that, as it is subject to Corporate Tax, it must maintain its accounts in accordance with the Commercial Code.

In 5 key points

How it affects those involved

Civil societies that are subject to Corporate Tax are required to comply with formal accounting standards set by the Commercial Code, rather than using simplified record-keeping methods.

Lifecycle

2016-06-21PublishedPublished 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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