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V0091-20 ·17 January 2020 ·consulta-vinculante Medium impact
Tax

Compensations for mutual termination are taxed as employment income with a 30% reduction

A worker inquired whether compensation received under a voluntary severance scheme was exempt and how it should be declared. The DGT indicates that, as it constitutes a mutual agreement rather than a dismissal, it must be taxed as employment income, although the reduction for irregular income may be applied.

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2020-01-17PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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This analysis is informational only and does not constitute legal advice or create a client-adviser relationship. BM Consulting.
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