Javier Vinuesa and Adrián Boix on late interest on personal income tax arrears

Javier Vinuesa and Adrián Boix talk about late payment interest on personal income tax.

The Supreme Court, in a controversial ruling and with two dissenting votes within the chamber, ruled that taxpayers must pay late payment interest. Just two years earlier, in 2020, it had said the opposite, which changed its criteria and turned the tax experts’ offices upside down, with the fear that there would be retroactivity over the last four years.

The Tax Department’s decision contrasts with previous resolutions of the Treasury body, “which did allow this deduction. This is another change of criteria, in the same area, and without justification, which once again contributes to legal uncertainty when filing the self-assessment for the Personal Income Tax for 2022”, argue Javier Vinuesa and Adrián Boix, from Gómez Acebo & Pombo.

Read full article here