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MEDIUM
FISCAL

The withdrawal of cash from a bank account does not constitute a deductible expense for Corporate Income Tax purposes

V0188-25

Prepared and reviewed by the BMC editorial team  ·  Methodology

Technical details

Type
consulta-vinculante (what is this?)
Identifier
V0188-25
Published
14 Feb 2025

Summary

A company inquires whether funds withdrawn from its bank account to mitigate pandemic risks may be considered a lost and deductible amount. The DGT responds that it is not deductible because the transaction does not represent an accounting expense nor a decrease in net equity.

In 6 key points

How it affects those involved

Affects tax liability through accurate calculation of taxable base and deductible expenses

Lifecycle

2025-02-14PublishedPublished 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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