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V1266-18 ·14 May 2018 ·consulta-vinculante Medium impact
Tax

Statutory severance exemption cap set at lower of minimum wage or €180,000

The taxpayer enquires about the tax treatment of severance pay received in instalments. The tax authority confirms that the exempt amount is capped at the lower of the minimum wage or €180,000, with any excess treated as income from employment.

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2018-05-14PublishedPublished 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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