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V2701-19 3 October 2019 · SG de Impuestos sobre el Consumo Criterion in force
IVA · micromecenazgo

VAT accrual on crowdfunding contributions if provided as consideration for goods or services

A query was raised regarding the accrual and pass-through of VAT on a crowdfunding platform that offers rewards. The DGT ruled that if contributions constitute consideration for goods or services, the transaction is subject to VAT.

The question raised

Timing of the accrual and the charging of Value Added Tax.

The DGT's ruling

If the amounts provided by the contributors constitute consideration for goods or services, the supply is subject to VAT provided that the developer is a businessperson or professional. The tax shall accrue at the time of collection of the amounts actually received if advance payments exist. The tax must be charged by means of an invoice upon its issuance and delivery, with the right to the same being lost one year after the accrual.

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