Inventory write-offs: Circular NAC-DGECCGC26-00000006
Circular NAC-DGECCGC26-00000006, published in the Third Supplement to Official Gazette No. 372 of 18 September 2026, addresses the deductibility of losses from inventory write-offs for income tax purposes.
- The SRI directs that article 28, paragraph 8, letter b) of the Regulations for the Application of the Internal Tax Regime Law be applied directly.
- It sets aside the 2014 criterion that required the sworn statement to be executed by 31 December of the year of the write-off.
- Ahead of the 2026 year-end closing, we recommend reviewing the year’s inventory write-offs and ensuring the required supporting documentation is in place.
TRIARIUS tax team. This newsletter is for information only and does not constitute advice on any specific case.
