Deductibility of interest on late payment interest for Corporate Income Tax purposes


Recently, the Supreme Court through its judgment of February 8, 2021, appeal No. 3071/2019, resolves that for the purposes of Corporation Tax, late payment interest is considered a tax deductible expense, contrary to what is maintained by the Tax Administration.

Since late payment interest is intended to compensate for a delay in the fulfillment of an obligation to give, not admitting its deductibility requires a legal provision to that effect.

Likewise, late payment interest is correlated with income, therefore, they must be deductible.


Formulario de contacto


Most popular articles

donación de padre a descendiente

Donaciones de padres a hijos en Madrid

Como abogados expertos en herencias y donaciones hemos preparado este conteni…

Limitation to 95% of the exemption foreseen in article 21 of the LIS.

By means of Law 11/2020, of December 30, on General State Budgets for the year...

VAT refund to entrepreneurs established in the United Kingdom of Great Britain and Northern Ireland

El 5 de enero de 2021 se ha publicado Resolución de la Dirección General de …
© DTY Asesores. All rights reserved. Web development Estrategia de Marketing online Madrid.