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Form 100. Personal Income Tax Declaration 2021

7,2,3,6. Income derived from life or disability insurance contracts and capitalization operations

This section will include monetary or in-kind returns, as well as their corresponding withholdings or payments on account (which the program transfers to box 0597 of the declaration), from insurance contracts. of life or disability and capitalization operations, except when they must be taxed as income from work.

Completion

To determine the amount of the full income from these returns on movable capital, the following rules will be applied:

  • Deferred capital

When deferred capital is received, the full return will be determined by the difference between the capital received and the amount of premiums paid.

  • Life or temporary annuities

Life or temporary annuities that have been acquired by inheritance, legacy or any other succession title are not taxed in personal income tax.

Temporary and life annuities will be integrated into the tax base in accordance with the following rules:

  1. Life annuities
  2. Temporary income
  3. Special integration regime
  4. Rescue of temporary and life annuities
  5. Transitional provision fourth Personal Income Tax Law
  6. Life insurance contracts in which the policyholder assumes the investment risk
  7. Individual systematic savings plans