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Allows you to manage tax receivables through non-recourse and recourse factoring services.
The assignment of VAT receivables from quarterly and/or annual returns is formalised through a notarial deed and notified to the Revenue Office concerned.
In order to collect the receivable from the Revenue Office before the assessment period (usually five years), it is often necessary to have a bank and/or insurance guarantee for the company in favour of the Revenue Office concerned.
The guarantee must be issued at the direction and expense of the assignor company.
Enabling solvent companies and companies in bankruptcy proceedings or in voluntary liquidation to assign tax receivables through non-recourse and recourse factoring services.
Operators that have accrued a VAT receivable during the quarter or year (e.g. due to split payments, investments, rate differences, etc.). Companies that have requested the refund of IRES (Corporate Income Tax) receivables.
Non-recourse factoring: discount calculated on market rates, based on estimated collection times, plus a servicing fee.
Recourse factoring: application of market rates, with a spread on the Euribor for the period, plus a servicing fee.