What is a Large Company for tax purposes?
When a company, entrepreneur or professional exceeds 6,010,121.04 euros of turnover in one year, from the following year, it becomes a Large Company, producing significant tax effects that must be taken into account when carrying out procedures before the Tax Agency
What is trading volume and when is it calculated?
This is the total amount of supplies of goods and services made by the taxpayer during the calendar year, including those exempt from tax.
Importante: in the calculation of the trading volume, VAT quotas are not included, nor the equivalence surcharge, nor the compensation received by farmers, fishers and stockbreeders who pay taxes under the Special System for agriculture, fishing and stockbreeding.
The volume of transactions must be calculated each financial year, with effect for the subsequent financial year.