BOE-A-2026-7183 ·28 March 2026 ·Resolution Low impact
Tax

Mixed-return financial assets: publication of reference interest rates for the second quarter of 2026

The Treasury General Secretariat has published the effective annual interest rates for the second quarter of 2026, required to classify returns from mixed-return financial assets as explicit income (Art. 1 and 2). These rates are applied in accordance with Article 63 of the Corporate Tax Regulations and Article 91 of the Personal Income Tax (IRPF) Regulations. The resolution establishes different rates depending on the asset's term and whether the return is calculated with reference to a price index (Art. 2 and 3).

In 2 key points

  1. Rates for standard assets: 1.918% (≤4 years), 2.347% (4-7 years), 2.781% (10 years) and 2.884% (15 years), Art. 2 (art. 2)
  2. Rates for mixed-return debt linked to a price index: 0.959% (≤4 years), 1.174% (4-7 years), 1.390% (10 years) and 1.442% (15 years), Art. 3 (art. 3)

How it affects those involved

For companies and individuals holding mixed-return financial assets, these rates determine the tax classification of their returns (Art. 2 and 3). For assets with inflation-linked returns, the reference rates are significantly lower (0.959% to 1.442%) than for standard assets (1.918% to 2.884%), depending on the maturity term (Art. 2 and 3).

Lifecycle

2026-03-28PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.
PDF on boe.es

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