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V3329-14 12 December 2014 · SG de Impuestos sobre el Consumo Criterion in force
IVA · transmisión de créditos

Transfer of credits is exempt from VAT and the taxable amount is the agreed consideration

A query was raised regarding the taxable amount in the transfer of credits between entrepreneurs. The DGT clarifies that this transaction is exempt from VAT and that the taxable amount shall be the amount of the consideration agreed between unrelated parties.

The question raised

Question raised: Taxable base of the transfer.

The DGT's ruling

The transfer of loans or credits is exempt from VAT pursuant to Article 20.one.18º.e of Law 37/1992. The taxable base of the operation shall consist of the total amount of the consideration originating from the recipient or from third parties. In transfers between unrelated parties, the taxable base shall be determined by the amount of the agreed consideration.

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