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V3558-15 ·17 November 2015 ·consulta-vinculante Medium impact
Tax

Revenue from future services must be recognised based on accrual accounting and obligation allocation

A funeral services company seeks guidance on the timing of revenue recognition for a service programme and the taxation of compensation following a contract termination. The DGT rules that revenue must be recognised according to accrual accounting principles and the allocation of each obligation at fair value.

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2015-11-17PublishedPublished 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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