Skip to content
Back to index
V2375-24 20 November 2024 · SG de Impuestos sobre las Personas Jurídicas Criterion in force
IS · subvenciones

Accounting treatment of grants under the PGC applies to the Corporate Tax taxable base

The taxpayer inquired whether the recognition criteria for grants under the General Accounting Plan (NRV 18) is consistent with the Corporate Tax Law. The DGT ruled that, as there are no tax regulations to override this criterion, the accounting treatment must be applied for tax purposes.

The question raised

Confirm that the accounting recognition criterion provided for in NRV 18 of the PGC is in accordance with the provisions of the Corporate Income Tax Law.

The DGT's ruling

The taxable base for Corporate Income Tax is calculated starting from the accounting result, applying the necessary tax adjustments. Since the Corporate Income Tax regulations do not contain provisions to correct the recognition criterion for grants provided for in NRV 18 of the PGC, said accounting treatment must be assumed for tax purposes. Therefore, grant income must be included in the taxable base in the fiscal year in which it has been accrued according to accounting regulations.

Book your free first meeting