Default interest and its taxation in the Personal Income Tax according to the Supreme Court

15/12/2020

In the recent decision of the Supreme Court (hereinafter, TS) of December 3, 2020, R. CASACION núm.: 7763/2019 establishes that late payment interest from a refund of unduly paid taxes should not be taxed as it is considered as not subject to the Personal Income Tax (hereinafter, IRPF). It is noteworthy that said sentence has a private vote that considers that this should be taxed as a capital gain.

In the recent decision of the Supreme Court (hereinafter, TS) of December 3, 2020, R. CASACION núm.: 7763/2019 establishes that late payment interest from a refund of unduly paid taxes should not be taxed as it is considered as not subject to the Personal Income Tax (hereinafter, IRPF). It is noteworthy that said sentence has a private vote that considers that this should be taxed as a capital gain.

Es probable que todo lo anterior pueda ser también de aplicación en el supuesto de  devoluciones derivadas del Impuesto sobre Sociedades y del IRNR, por ejemplo, las basadas en vulneración del Derecho de la UE y de la Constitución. En caso de que se hubiera tributado por ello, sería recomendable estudiar la posibilidad de instar la rectificación de las autoliquidaciones de IRPF, IS o IRNR, en su caso, correspondientes dentro del plazo de prescripción.

Sentencia: Supreme Court Decision:

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