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V1180-17 ·17 May 2017 ·consulta-vinculante Medium impact
Tax

Lump-sum pension plan benefits may qualify for a 40% reduction subject to certain limits

A taxpayer has requested clarification regarding the tax treatment of a pension plan retirement benefit received as a lump sum. The Directorate General for Taxes (DGT) clarifies that these are taxed as employment income and that a 40% reduction may be applied to the portion corresponding to contributions made up to 2006, subject to specific timing requirements and annual limits.

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2017-05-17PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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