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V5386-16 ·21 December 2016 ·consulta-vinculante Medium impact
Tax

Non-deductible VAT treated as an expense or increased acquisition cost for Personal Income Tax

A taxpayer with VAT-exempt activities has enquired about the treatment of VAT on purchases for Personal Income Tax purposes. The Directorate General for Taxes (DGT) has ruled that such VAT should be recorded either as an expense or as part of the increased acquisition cost of the assets.

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2016-12-21PublishedPublished 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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