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V0394-15 2 February 2015 · SG de Impuestos sobre la Renta de las Personas Físicas Criterion in force
IRPF · estimación directa

Late payment interest on Income Tax debt is not deductible as a business expense

A professional has enquired whether late payment interest arising from a tax inspection report is deductible within their economic activity. The Directorate General for Taxes (DGT) has ruled that such interest is not deductible, as Personal Income Tax (IRPF) taxes the entirety of income rather than just business profits.

The question raised

Deducibilidad como gastos de la actividad de los intereses del acta.

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