deducción

Is a “proforma” invoice valid for the VAT deduction? Binding tax ruling V2825/2017

On the basis of the provision set in the article 97 of the Spanish VAT Act, the deduction of the input VAT by a taxpayer is possible when it is in possession of the document supporting its right, which is only the original invoice complying with the formal requirements established…

Deductibility of VAT in the acquisition of property not linked to an economic activity. Binding tax ruling of June 27th, 2016

The VAT Act, through article 111, allows the deduction of the VAT borne in the acquisition of goods or services by this who is not developing a business or professional activity but with the intention, confirmed by objective elements, to allocate these to a business activity i.e. it is allowed…

The right to deduct the VAT not depends on of the destination given to the goods or services by the purchaser. Judgment of the European Court of Justice of June 22nd, 2016

In the main proceedings it is questioned to the Court of Justice of the European Union about the right to VAT deduction by a taxable person in the acquisition of goods that are transmitted and which are subsequently partly used by the buyer in an economic activity. In the present…