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V2968-14 3 November 2014 · SG de Impuestos sobre el Consumo Criterion in force
IVA · comunidad de bienes

Joint ventures must charge VAT on their operations and issue invoices

A company has requested clarification on whether the joint venture of which it is a member must include VAT in its invoices. The DGT has ruled that the joint venture is a taxable person for VAT purposes and must charge the tax on its supplies of goods or services.

The question raised

Question raised: Charging of Value Added Tax on invoices for operations carried out by the community of property and for the amounts received by the co-owners.

The DGT's ruling

The community of property dedicated to energy production is considered an entrepreneur or professional and a taxable person for VAT purposes. Therefore, it must charge the tax in full via invoice on its taxable operations. The imputation of income to the co-owners does not constitute a transaction subject to VAT, although if a co-owner provides services to the community, the tax must be charged.

Apply this to a real case

What is published here, applied to a company or a specific case. The first meeting is free.

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