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V3389-19 ·11 December 2019 ·consulta-vinculante Medium impact
Tax

Revenue from economic activities is recognised based on accrual accounting and the transfer of risks and rewards

A trader inquires as to when the revenue from their sales should be recognised for tax purposes. The DGT rules that the accrual accounting principle must be applied, recognising revenue when the risks and rewards of ownership of the goods are transferred.

In 6 key points

Lifecycle

2019-12-11PublishedPublished 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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