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V3547-20 ·11 December 2020 ·consulta-vinculante Medium impact
Tax

DGT lacks competence to determine accounting methods but details VAT and IRPF rules for second-hand goods

A community of property selling second-hand vehicles has requested guidance on how to account for sales and purchases for VAT and IRPF purposes. The DGT has stated that it is not competent to rule on accounting practices, but it has clarified the rules regarding the special scheme for second-hand goods for VAT and the direct estimation method for IRPF.

In 6 key points

How it affects those involved

This ruling clarifies the distinction between accounting obligations and tax regulations, providing guidance for businesses dealing in second-hand goods on how to apply specific tax schemes.

Lifecycle

2020-12-11PublishedPublished 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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