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V0824-15 ·13 March 2015 ·consulta-vinculante Medium impact
Tax

Tax refunds and interest must be recorded in the tax year the right to collection is recognised

A haulier has requested clarification on how to declare an IVMDH refund and its associated late payment interest. The Tax Agency has responded that the refund constitutes income from economic activity in the year the right to it is recognised, while interest is taxed according to its specific nature.

In 6 key points

How it affects those involved

This clarification establishes the specific timing for tax reporting, ensuring that refunds and interest are correctly allocated to the appropriate tax year based on when the entitlement arises.

Lifecycle

2015-03-13PublishedPublished 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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