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V0445-24 ·18 March 2024 ·consulta-vinculante Medium impact
Tax

Severance pay for senior management withdrawal is exempt up to the legal limit, while lack of notice is taxable

A query was raised regarding the exemptions and irregularity reductions applicable to severance pay for the termination of senior management contracts and for lack of notice. The DGT determines that the former is partially exempt, whereas the latter is fully taxable as employment income.

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2024-03-18PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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