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VAT practical manual 2022.

Cases of uncollectible credits and declaration of bankruptcy

The modification of the tax base for bad debts carried out by taxpayers who are not covered by the RECC , will determine the birth of the right to deduct the contributions borne by the taxable debtor covered by said special regime corresponding to the modified operations that were still pending deduction.

On the other hand, the declaration of bankruptcy of the taxable person covered by the RECC or of the recipient of its operations will determine on the date of the order of declaration of bankruptcy, the accrual of the fees passed on and the deduction of the fees borne with respect to the operations to which that the RECC has been applicable, that were still pending accrual or deduction.