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V0637-18 ·12 March 2018 ·consulta-vinculante Medium impact
Tax

Collective insurance payouts covering illness are taxed as employment income

A worker inquired whether compensation for total permanent disability received from a collective insurance policy was exempt or subject to a reduction. The DGT has determined that, because the policy also covers illness, it is not classified as accident insurance and must be taxed as employment income.

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2018-03-12PublishedPublished 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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