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A taxpayer inquired whether grants received from the Provincial Council of Bizkaia for archaeological and paleontological research projects were exempt from Personal Income Tax (IRPF). The Directorate General of Taxes (DGT) ruled that the aid must be included in the tax return as it is not covered by any legal exemption.
Question posed: Whether the amount received by way of said subsidy must be included in the Personal Income Tax return.
The receipt of the financial aid constitutes a taxable event for Personal Income Tax (IRPF) as it is not covered by legal exemptions. As a general rule, the amount shall be classified as income from employment, unless it involves the self-organization of means of production or human resources, in which case it shall be income from economic activities. In the case of income from employment, the deductible expenses are those limited by law, whereas for economic activities, the principle of correlation with income shall apply.
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