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V3545-16 ·28 July 2016 ·consulta-vinculante Medium impact
Tax

Allocation of insurance claim compensation: instalment payment criteria and reinvestment deduction

A company enquired whether it could apply the temporal allocation criteria for insurance claim income received in instalments and whether it could utilise the deduction for the reinvestment of extraordinary profits. The DGT ruled that the cash basis can be applied to defer income and that the deduction is applicable provided the requirements are met, albeit with reduced percentages in accordance with transitional regulations.

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2016-07-28PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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