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V1001-16 ·14 March 2016 ·consulta-vinculante Medium impact
Tax

Credit institutions must not apply withholding tax when executing a bank guarantee for rental income

A query was raised regarding whether income tax (IRPF) withholdings on rental income collected through the execution of a bank guarantee should be attributed to the period in which they are received. The Directorate General for Taxes (DGT) clarifies that the credit institution must not withhold tax when paying out the guarantee, as its obligation arises from the guarantee contract rather than the lease agreement.

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2016-03-14PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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