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V1444-19 17 June 2019 · SG de Impuestos sobre la Renta de las Personas Físicas Criterion in force
IRPF · estimación directa

Insurance premiums with mutual societies are only deductible if they serve as an alternative to the self-employed scheme

A doctor inquired whether premiums for disability, dependency, death, and retirement insurance contracted with a mutual society are deductible within their professional activity. The Directorate-General for Taxes (DGT) ruled that deductibility depends on whether the mutual society acts as an alternative to the Special Social Security scheme or merely as a supplement.

The question raised

Whether the premiums paid for this insurance would be considered a deductible expense for the economic activity carried out.

The DGT's ruling

Contributions to social welfare mutual societies are not deductible, unless they act as an alternative to the special Social Security regime for professionals not integrated into said regime. In that case, the amounts covering contingencies addressed by the special regime shall be deductible, subject to the limit of the maximum contribution for common contingencies. If the mutual society acts in a complementary manner to the Social Security regime, the premiums shall not be deductible.

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