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V0603-16 ·15 February 2016 ·consulta-vinculante Medium impact
Tax

Late payment interest arising from administrative audits is a tax-deductible expense

The query asks whether late payment interest recorded in reserves following an inspection report is tax-deductible. The DGT rules that, as these interests are financial and compensatory in nature rather than punitive, they are deductible.

In 6 key points

How it affects those involved

This ruling clarifies that interest paid due to administrative errors or audits can be treated as a deductible expense, provided it is compensatory and not a penalty.

Lifecycle

2016-02-15PublishedPublished 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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