7,2,3,1. Interest on accounts and deposits and financial assets in general.

Gross income

This section shall include consideration, regardless of its name or nature, derived from accounts and deposits in all types of financial institutions, including those based on operations involving financial assets.

This section will also include explicit interest obtained from any type of assets representing the raising and use of external capital.

If the performance has been received in kind, the market value of the goods or services received must be computed as full income. The advance payment will be added to this value, unless its amount has been passed on to the recipient of the income.

When the returns come from loans made to entities linked to the taxpayer , the interest corresponding to the excess of the amount of the equity transferred to the entity with respect to the result of multiplying the equity by 3 in the part that corresponds to the taxpayer's participation in the latter must be integrated into the general tax base . 

Withholdings

Likewise, any withholdings made or payments on account made on accrued income will be indicated in this section and will be transferred by the program to box 0597 on page 22 of the declaration.

Deductible expenses (art. 26.1 Law)

• Interest on accounts and deposits:

  In no case may deductible expenses be computed with respect to these earnings.

• Financial asset interests:

  As deductible expenses, only the expenses of administration and deposit of negotiable securities will be recorded.