deduction

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…

Retroactive VAT deduction allowed after the rectification of invoices. Judgment of the European Court of Justice of September 15th, 2016. Senatex GmbH

A new judgment of the Court of Justice of the European Union (ECJ) in relation to the right to deduct in the VAT and formal requirements to comply with by the taxpayer, unless in this occasion the Court is questioned about the temporality of the deduction, i.e., if a retroactive…

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…