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V0246-23 ·14 February 2023 ·consulta-vinculante Medium impact
Tax

Insurance premiums covering non-work-related risks constitute benefits in kind

A query was raised regarding whether premiums for professional civil liability insurance and accident insurance (which also covers private life) should be taxed as benefits in kind. The DGT ruled that accident insurance constitutes income in kind, as it covers risks unrelated to professional activity.

In 6 key points

How it affects those involved

Employers must distinguish between insurance policies strictly related to professional activity and those covering private life, as the latter must be treated as taxable benefits in kind for the employee.

Lifecycle

2023-02-14PublishedPublished 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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