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V0996-17 ·25 April 2017 ·consulta-vinculante Medium impact
Tax

Insurance surrender returns in foreign currency must be converted to euros at the exchange rate on the date of exigibility

A foreign insurer asks how to calculate the euro value of a life insurance surrender when premiums and the surrender are in a currency other than euros. The DGT responds that the exchange rate in effect on the date of exigibility should be applied.

In 6 key points

Lifecycle

2017-04-25PublishedPublished 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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