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A securities firm has requested clarification on whether asset trading and financial returns (interest and dividends) should be included when calculating its turnover. The Directorate-General for Tax (DGT) has ruled that asset trading constitutes regular business activity and that interest should be included if it arises from business assets; however, dividends are excluded as they do not constitute consideration for an economic activity.
Cuestión planteada Cómputo del volumen de operaciones realizado conforme al artículo 121 de la Ley del Impuesto. En particular si se deben incluir también los resultados financieros tales como intereses o dividendos.
La compraventa de activos financieros es actividad habitual y debe incluirse en el volumen de operaciones. Los intereses financieros computarán como volumen de negocio si los recursos provienen del patrimonio empresarial del sujeto pasivo. Sin embargo, los dividendos no deben computarse ya que, al responder a la simple propiedad de activos y no ser contraprestación de una actividad económica, no están sujetos al IVA.
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