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V1563-24 ·26 June 2024 ·consulta-vinculante Medium impact
Tax

Tax treatment of capital reduction contribution refunds for Personal Income Tax and Wealth Tax

A sole shareholder of an unlisted company seeks clarification on the tax treatment of a capital reduction intended to refund cash contributions. The Directorate General for Taxes (DGT) clarifies that the Personal Income Tax treatment depends on whether the refund is sourced from undistributed profits or from contributions, and determines the applicability of Wealth Tax.

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2024-06-26PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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