Skip to main content
Practical Handbook for Companies 2021

Limitation of the deductibility of financial expenses

The article 16 of the LIS establishes a series of limits to the deductibility of financial expenses as detailed below.In relation to this article, it is necessary to take into account the Resolution of 16 July 2012 (BOE of 17 July) issued by the Directorate General of Taxes, with the aim of defining the interpretative criteria in the application of the limitation on the deductibility of financial expenses regulated in the then current article 20 of the RDLeg.4/2004.