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VAT practical manual 2021.

Operation

1. Determining the tax base on a transaction-by-transaction basis

Taxpayers who meet the requirements that we will see later have two alternatives in each of their operations:

  1. Apply the special regime to your deliveries:

    1. The broadcasts will have repercussions IVAABBR applying the tax rate corresponding to the goods delivered, applying a special procedure for determining the taxable base.

    2. He IVAABBR The input tax incurred on the acquisition of resold goods is not deductible, without prejudice to the deduction of the remaining input taxes incurred in the course of business (telephone, rent, repairs, etc.).

    3. The taxable base will be the profit margin.

  2. Apply the general tax regime. Without the need for communication, they may not apply the special regime in their deliveries, which means that:

    1. They must have an impact IVAABBR on the total consideration.

    2. They may deduct any fees that they may have incurred in the acquisition of the resold goods, although they may not make the deduction until the corresponding deliveries are accrued.

2. Determination of the tax base in a global manner.

When the taxpayer has opted to determine the tax base using the global profit margin, he must use this procedure to determine the tax base of all supplies of goods to which the application of said global margin regime refers, without being able to apply the general tax regime with respect to such supplies.