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Cash basis

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Content of the regime

The tax will be accrued :

  • At the time of total or partial payment of the price for the amounts effectively received.

  • On 31 December of the year immediately following that in which the operation was undertaken if payment has not been made.

The repercussion must be made at the time of issuing and delivering the invoice but will be deemed to have occurred at the time of accrual of the operation.

The taxpayers covered by the regime may practice their deductions in the terms established in Title VIII of the LIVA with the particularity that the right to the deduction arises:

  • At the time of full or partial payment of the price for the amounts actually paid.

  • December 31 of the year immediately following the year in which the transaction was carried out if payment has not been made.

Recipients of the transactions affected by the regime:

In the case of taxpayers not covered by the regime but who are recipients of the operations included in it, the right to deduction of the quotas borne by these operations arises:

  • At the time of full or partial payment of the price for the amounts actually paid.

  • December 31 of the year immediately following the year in which the transaction was carried out if payment has not been made.