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V3009-15 8 October 2015 · SG de Impuestos sobre la Renta de las Personas Físicas Criterion in force
IRPF · indemnización por despido

Severance pay for collective redundancies is exempt up to the lesser of the unfair dismissal limits and 180,000 euros

A worker inquired about the tax treatment and withholdings of severance pay received due to a collective redundancy in 2015. The DGT clarifies that the exempt portion is that which does not exceed the 180,000 euro limit nor the amount established by the Workers' Statute for unfair dismissals.

The question raised

Question raised: Tax treatment of severance pay for the termination of the employment relationship. Withholdings.

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