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V0359-21 ·25 February 2021 ·consulta-vinculante Medium impact
Tax

Gross amounts of retirement pensions received in euros must be declared as employment income

A resident in Spain inquired whether they should declare an Argentine retirement pension based on the actual amount received or the calculation used by the Spanish Social Security. The Directorate-General for Taxes (DGT) ruled that the gross amount received monthly in euros must be declared.

In 6 key points

How it affects those involved

This ruling clarifies the taxation method for foreign pensions, requiring taxpayers to report the gross amount converted into euros rather than the net amount received.

Lifecycle

2021-02-25PublishedPublished 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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