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V2872-19 ·17 October 2019 ·consulta-vinculante Medium impact
Tax

Form 591: Total amount of payments made must exclude VAT

A company requested clarification on which amounts should be declared in Form 591 regarding the tax on the value of electricity production. The Directorate-General for Taxes (DGT) clarifies that the total amount to be reported is that of the payments made, but excluding Value Added Tax.

In 5 key points

How it affects those involved

This clarification provides certainty for companies in the electricity sector regarding the correct calculation of the tax base for Form 591, preventing errors in tax reporting by ensuring VAT is excluded from the declared total.

Lifecycle

2019-10-17PublishedPublished 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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