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V4166-16 ·29 September 2016 ·consulta-vinculante Medium impact
Tax

Accident insurance compensation may be exempt from Income Tax under certain limits

A taxpayer has enquired whether benefits received for permanent disability following a work accident are tax-exempt. The Directorate General for Taxes (DGT) indicates that accident insurance compensation is exempt provided that premiums have not been deducted and the amount does not exceed the assessment system for road traffic accident damages.

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2016-09-29PublishedPublished 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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