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Reduction of the VAT taxable base due to bankruptcy after the Ramada Storax case (C-756/19)

Given the economic crisis resulting from the pandemic, the possibility to reduce the taxable base declared by the company for the case that a client, totally or partially, fails with its payment obligation, has significant practical implications and made it worthwhile to remind the conditions under which such a reduction is possible in the Spanish VAT regulations.

Source: ivaconsulta.com

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