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V2396-24 ·25 November 2024 ·consulta-vinculante Medium impact
Tax

Amounts unduly withdrawn by a director are deductible as exceptional expenses for Corporate Tax purposes

A company has requested a ruling on whether invoices issued by a director who withdrew funds without consideration are deductible. The DGT has determined that, in the event of potential misappropriation, the company must record the loss as an exceptional expense, which shall be tax-deductible.

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2024-11-25PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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