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V3670-20 29 December 2020 · SG de Impuestos sobre las Personas Jurídicas Criterion in force
IS · entidad parcialmente exenta

Income from financing services provided to other entities is subject to Corporation Tax

A non-profit association sought clarification on whether income received to finance other entities was tax-exempt. The DGT has ruled that, as this constitutes a service provision activity, such income is subject to tax.

The question raised

Question posed Treatment in Corporate Income Tax of income received through bank accounts owned by the association and the subsequent full transfer of the obtained funds to each of the associations or entities that applied for aid to obtain financing

Apply this to a real case

What is published here, applied to a company or a specific case. The first meeting is free.

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