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V1087-19 ·21 May 2019 ·consulta-vinculante Medium impact
Tax

Contributions to the Special Social Security Fund are deductible for Personal Income Tax (IRPF)

An official from the National Social Security Institute has enquired whether monthly contributions to the Special Social Security Fund are tax-deductible. The Directorate General for Taxes (DGT) has ruled that they are, as they are classified as Social Security contributions or mandatory general mutual funds.

In 5 key points

How it affects those involved

This ruling confirms that contributions to the Special Social Security Fund qualify as deductible expenses for employees when calculating their net employment income for Personal Income Tax purposes.

Lifecycle

2019-05-21PublishedPublished 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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