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V1788-17 ·10 July 2017 ·consulta-vinculante Medium impact
Tax

Tax late-payment interest is a tax-deductible expense subject to financial expense limits

The entity inquired whether late-payment interest arising from a Corporation Tax assessment is deductible. The DGT ruled that such interest is financial and compensatory in nature, rather than punitive, and is therefore deductible.

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2017-07-10PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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