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V1962-21 ·22 June 2021 ·consulta-vinculante Medium impact
Tax

Pension scheme contributions that could have been deducted in the current year cannot be carried forward

The taxpayer asks whether they can deduct half of an €8,000 pension scheme contribution in 2020 and carry the remainder forward to subsequent years. The Directorate General for Taxes (DGT) rules that only amounts that could not be deducted due to insufficient taxable income or exceeding the percentage limit may be carried forward.

In 6 key points

How it affects those involved

This ruling clarifies the limitations on carrying forward pension contributions, ensuring that taxpayers cannot defer deductions that were legally permissible within the year of contribution.

Lifecycle

2021-06-22PublishedPublished 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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