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V1749-22 ·22 July 2022 ·consulta-vinculante Medium impact
Tax

Expenses accounted for in a period following their accrual may be deductible in that period under certain conditions

A taxpayer asks whether expenses omitted by error in their 2021 tax return can be deducted in 2022. The DGT explains that, although the accrual principle applies, a special rule exists for expenses accounted for in a period subsequent to their accrual.

In 6 key points

How it affects those involved

This ruling clarifies the procedure for correcting omissions of deductible expenses in subsequent tax years, providing relief for accounting timing differences.

Lifecycle

2022-07-22PublishedPublished 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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