Intra-Community VAT: Triangular Operations & Taxable Events
Classified in Law & Jurisprudence
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Triangular Operations in Intra-Community Acquisitions
These operations involve companies from three different EU member states. They consist of:
- A director company buying and selling, which must be a company not established in Spanish territory.
- A supplier that only sells, transports, and delivers the goods.
- A buying company that only acquires the property, which is the Spanish company (in this context).
Regarding the triangulated company, it must be a company not established in the EU and will have these three characteristics:
- It performs two actions: it buys from one company and sells to another.
- It benefits from a Community exemption on the purchase.
- Its relationship with the Spanish company can be expressed as: "I will buy the goods to sell them