Skip to content
Back to index
V1681-15 28 May 2015 · SG de Impuestos sobre el Consumo Criterion in force
IVA · derivados financieros

Financial derivatives for energy price hedging are VAT-exempt and must be included in the pro rata calculation

An electricity purchasing centre has requested a ruling on the nature of derivative contracts used to hedge price fluctuations and their impact on VAT deductions. The Directorate General for Taxes (DGT) has determined that these contracts constitute exempt financial transactions and must be considered regular activities for the purpose of calculating the pro rata deduction.

The question raised

Cuestión planteada Naturaleza de estas operaciones e incidencia en el régimen de deducción de la consultante.

Email
Contact