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V3289-20 ·5 November 2020 ·consulta-vinculante Medium impact
Tax

Deduction for performing arts expenses incurred in one tax year may be applied in a subsequent tax return

An entity inquired whether it could apply in 2017 a deduction for performing arts expenses incurred in 2015 without amending the tax return for that year. The Directorate General for Taxes (DGT) ruled that this is possible, provided the necessary certificate is obtained and all legal requirements are met.

In 5 key points

How it affects those involved

This ruling provides clarity for taxpayers regarding the timing of tax deductions for performing arts expenses, allowing for their application in later tax periods without the need for retroactive amendments, provided specific documentation is in place.

Lifecycle

2020-11-05PublishedPublished 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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