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V3272-15 ·26 October 2015 ·consulta-vinculante Medium impact
Tax

Banking foundations are exempt from tax on charitable activities under IAE Group 812

A query was raised regarding whether banking foundations must pay tax on their charitable activities or if taxation under IAE Group 812 is sufficient. The DGT ruled that, as they are included in Group 812, the group's tax levy already covers the performance of their charitable activities without requiring additional payment.

In 6 key points

How it affects those involved

This ruling clarifies the tax obligations for banking foundations, confirming that their charitable activities are covered by the existing Group 812 tax levy under the IAE, preventing double taxation.

Lifecycle

2015-10-26PublishedPublished 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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