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V1647-14 27 June 2014 · SG de Impuestos sobre el Consumo Criterion in force
IVA · prorrata de deducción

Financial returns from deposits and public debt repos may be considered ancillary transactions for pro rata calculations

A state-owned company consulted whether interest earned from excess liquidity in current accounts and public debt repos should be included in the pro rata deduction calculation. The DGT has determined that, although these are economic activities subject to VAT, they are ancillary transactions and should not be included in the pro rata calculation.

The question raised

Cuestión planteada Si los rendimientos financieros obtenidos se computan en la prorrata de deducción de la entidad.

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