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V3346-19 ·5 December 2019 ·consulta-vinculante Medium impact
Tax

A cheque with a 'not to order' clause is not subject to AJD as it does not perform a turnover function

A query was raised regarding whether a cheque issued with a 'not to order' clause for the repatriation of funds is subject to Stamp Duty (AJD). The DGT ruled that, as it cannot be endorsed, it does not fulfill the turnover function required to be subject to the tax.

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2019-12-05PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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