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V1899-14 ·15 July 2014 ·consulta-vinculante Medium impact
Tax

Late payment interest from insurers taxed as capital gains in the savings tax base

A query was raised regarding the taxation of interest established by the Insurance Contract Act due to delays in indemnity payments. The DGT has determined that this interest is compensatory rather than remunerative, and must therefore be taxed as capital gains.

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2014-07-15PublishedPublished 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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