General tax imputation criterion: accrual principle

Regulations: Arts.14.1b) Law IRPF and 7 Regulations; 11.1 and 3.1. LIS

The Personal Income Tax Law establishes as a basic guiding principle in this matter the reference to the regulations governing Corporate Tax, without prejudice to certain specialities contained in the Tax Regulations themselves.

According to article 11.1 of the IS , the general criterion for tax imputation is constituted by the accrual principle, according to which income and expenses derived from transactions or economic events will be imputed to the tax period in which their accrual occurs, in accordance with accounting regulations, regardless of the date of payment or collection, respecting the due correlation between them.

New 2020 : although in general the income from economic activities is imputed in accordance with the provisions of the Corporate Tax regulations, from January 1, 2020, public aid for the first installation of young farmers provided for in the National Framework for Rural Development of Spain may be imputed in quarters, in the tax period in which they are obtained and in the following three .