Tag: Tax Agency

VAT Recovery on Bad Debts

Ignacio Córcoles

In recent years, it has become common for many companies to encounter situations of unpaid credit from customers. In this scenario, companies face two conflicts: VAT paid to the Tax Agency that is ultimately not collected. Tax deductibility of impairment due to recorded bad debts. In this article, we’ll analyze the first question raised: how […]

Expenses used simultaneously for personal and professional life. Which expenses are deductible under personal income tax?

Ignacio Córcoles

02Expenses related to the activity, that is, those necessary to obtain the income from the activity, will be deductible under personal income tax. This tax is sometimes difficult to determine, as some assets are used simultaneously for economic and personal activities. In this sense, the Tax Agency establishes that: Assets considered to be assigned: these […]