Doctrine by topic · DGT Observatory

Value of Production: DGT doctrinal evolution

How the DGT's position on this topic has evolved, and the rulings it rests on.

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How the DGT's position has evolved

Settled doctrine High confidence 8 rulings · 2015–2022

Current position

The value of production for the tax profit under article 98.f) of the LIE is calculated by adding the turnover of the industrial activity plus the change in inventories of work in progress and finished goods. Industrial activity is identified through divisions 1, 2, 3, or 4 of the IAE. The turnover must include the cost of raw materials when they are acquired to be transformed and subsequently resold.

The DGT's position has remained constant since 2015. The criterion repeatedly defines the composition of the value of production and the use of divisions 1 to 4 of the IAE to identify industrial activity. No changes are observed in the calculation methodology or in the delimitation of the activity throughout the sequence.

Analysis based on 8 of 8 rulings with a stated position. Updated 1 October 2026.

Rulings on this topic

8
V0974-22 3 May 2022

Requirements for the 85% reduction in Electricity Tax for industrial activities

SG de Impuestos Especiales y de Tributos sobre el Comercio Exterior y sobre el Medio Ambiente
impuesto especial sobre la electricidadactividad industrialvalor de la produccióncifra de negociosreducción fiscal Ley 38/1992 de Impuestos EspecialesTarifas del IAE — RDLeg 1175/1990
Affects CompanyExpat · Non-residentIndividual
V3005-21 3 Dec 2021

Requirements for the 85% reduction in Electricity Tax for industrial activities

SG de Impuestos Especiales y de Tributos sobre el Comercio Exterior y sobre el Medio Ambiente
impuesto sobre la electricidadactividad industrialvalor de la produccióncifra de negociosreducción de la base imponible Ley 38/1992 de Impuestos EspecialesReal Decreto 1165/1995 del Reglamento de los Impuestos Especiales
Affects CompanyExpat · Non-residentIndividual
V1656-15 27 May 2015

The reduction of the Special Tax on Electricity may be applied only to own production

SG de Impuestos Especiales y de Tributos sobre el Comercio Exterior
impuesto especial sobre la electricidadactividad industrialvalor de la produccióncifra de negociosreducción de la base liquidable Ley 38/1992 de Impuestos EspecialesTarifas del IAE — RDLeg 1175/1990
Affects CompanyExpat · Non-residentIndividual
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