Determination of the tax base in a global manner

Taxable persons who resell goods may choose (box 522 “high”) to determine the taxable base using the global profit margin, for each settlement period, applied by the taxable person, less the VAT rate corresponding to said margin.

The overall profit margin will be the difference between the sales price and the purchase price of all deliveries of goods made in each settlement period.

This modality is applied by option and only for the following assets:

1. Stamps, stamped instruments, banknotes and coins of philatelic and numismatic interest.
2. Records, magnetic tapes and other audio or image supports.
3. Books, magazines and other publications.
4. Others authorized by the Tax Administration upon request of the interested party.

The option must be exercised at the time of filing the declaration of commencement of the activity, or during the month of December prior to the start of the calendar year in which it must take effect, and is understood to be extended, unless expressly waived (box 522 "cancellation") within the same period indicated above, for the following years and, at least, until the end of the calendar year following the one in which the regime for determining the tax base using the global profit margin began to apply.

The option referred to in the previous paragraph and its revocation must be carried out by submitting the corresponding census declarations.