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V2543-19 ·19 September 2019 ·consulta-vinculante Medium impact
Tax

Voluntary severance pay is taxed in the tax year the employment relationship ends

A worker inquired which tax year should be used to declare a payment received from an incentivised voluntary severance scheme. The DGT ruled that it must be attributed to the period in which the income becomes due, i.e., when the effective termination of employment occurs.

In 5 key points

Lifecycle

2019-09-19PublishedPublished 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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