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V1996-21 ·24 June 2021 ·consulta-vinculante Medium impact
Tax

Repayment of financial interest must be taxed in the period in which it is accounting accrued

A query was raised regarding how interest that was previously deducted as an expense but subsequently repaid should be taxed for Corporate Income Tax purposes. The DGT ruled that such amounts must be attributed to the tax period in which their accounting accrual occurs.

In 6 key points

How it affects those involved

This ruling clarifies the temporal allocation of tax liabilities for companies receiving interest repayments, ensuring alignment between accounting accrual and tax reporting.

Lifecycle

2021-06-24PublishedPublished 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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