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V3658-20 ·29 December 2020 ·consulta-vinculante Medium impact
Tax

Sports club revenues may be exempt from IS if not economic activities and from VAT if social entity

A sports club asks about the taxation of its income (subsidies, membership fees, sponsorships, lottery) and deductibility of expenses. The DGT clarifies that in IS, income is exempt if derived from the social purpose and not economic activities, while in VAT, exemption of sports services depends on the entity being a social entity.

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Lifecycle

2020-12-29PublishedPublished 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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