VALUE ADDED TAX EXEMPTION FOR NON-PROFIT ENTITIES. THE ISSUE OF LEGAL INTERPRETATION AND LEGAL QUALIFICATION REGARDING THE CONCEPTS INCLUDED IN THE ARTICLE 20.ONE.12 OF THE VALUE ADDED TAX L

Abstract

Article 20. One.12 from the current Value Added Tax Law regulates an exemption planned for the organisms or non-profit entities. Nevertheless, a definition of what are considered non-profit entities is not appreciated on its articles. As a
consequence of such a lack of legal definition (at internal and European level) arises the following issue: what should be considered non-profit entities? And, does that concept coincide with the one used in commercial law or, otherwise, are
we faced with and only-tax concept?

We are going to focus on all these questions related to legal interpretation and categories under law all through the present study. And all together, it will be analyzed some other concepts that require a legal interpretation included in the
aforementioned exemption, for the sake of determining the real extension and limits of the legal norm.