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V1429-19 ·14 June 2019 ·consulta-vinculante Medium impact
Tax

Income received in 2019 under the cash basis is attributed to the 2019 tax year

A professional applying the cash basis of accounting asks when income collected in 2019 for services rendered in 2018 should be reported. The DGT rules that such income must be attributed to 2019 and that withholdings are also attributed to the same period.

In 5 key points

How it affects those involved

This clarification provides certainty for professionals using the cash basis regarding the timing of income recognition and tax withholdings.

Lifecycle

2019-06-14PublishedPublished 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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