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V1120-23 ·4 May 2023 ·consulta-vinculante Medium impact
Tax

Bonuses for sporting success achieved by elite athletes are taxed as employment income

A query was raised regarding whether amounts received by elite athletes for winning medals in tournaments or the Olympics are exempt from tax. The Directorate General for Taxes (DGT) ruled that these amounts constitute employment income and are not exempt, as they do not qualify as training or technical development grants.

In 5 key points

How it affects those involved

This ruling clarifies that performance-based bonuses for elite athletes are subject to income tax, preventing them from being classified as tax-exempt training grants.

Lifecycle

2023-05-04PublishedPublished 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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