ICONOS FINALES-TRAZADOS

BASQUE COUNTRY AND NAVARRE: Do you want a payroll advance?

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Workers can request advances or even loans from their companies. Learn about their differences and how they are taxed in Income Tax.

BASQUE COUNTRY AND NAVARRE: Do you want a payroll advance?

Is it an advance? It is, if the amount received is limited exclusively to already earned salaries (current month or part of already earned extra payments) and its repayment occurs when the corresponding sum was due to be received. In this case, there is no in-kind remuneration in Income Tax.

Note that the company is obliged to grant advances in the case of salaries already earned for the current month, but not to grant them for the part of already earned extra payments (unless the agreement states otherwise).

Or is it a loan? It is, if the amount received exceeds the already earned amounts, or, without exceeding them, it will be repaid after some time.

In this case, if the company does not charge interest or charges them below the legal interest rate, there is in-kind remuneration, which is quantified by the difference between the agreed interest and the legal interest rate (for 2025 it is 3, 25%).

Our professionals will analyze your case and clarify any doubts you may have.

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