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V1599-15 ·26 May 2015 ·consulta-vinculante Medium impact
Tax

FOGASA payments must be recorded in the period they accrue, not when received

A sole trader inquired which tax year should be used to declare funds received from FOGASA for compensation paid to employees. The Tax Agency clarified that, as the cash basis does not apply, the accrual basis must be followed.

In 6 key points

How it affects those involved

This ruling clarifies the timing of tax reporting for business owners receiving state-guaranteed compensation, ensuring consistency with accrual accounting principles.

Lifecycle

2015-05-26PublishedPublished 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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