Ingresos extraordinarios (extraordinary income)

Account 778 collects «profits and income of an exceptional nature and significant amount» that do not belong in any other group 7 account; the example the Plan itself gives is collecting a receivable that had been written off as definitively uncollectable. An insurance payout after an incident or a penalty charged to a supplier follow the same logic.

There is no special tax treatment: in an SL they are part of the accounting result from which the base imponible of the Impuesto de Sociedades starts (art. 10.3 LIS), and for an autónomo under estimación directa they count as business income like any other (art. 28 LIRPF). What does change is the profit and loss account: sitting in operations, they inflate the year's ordinary result, so it is worth explaining them in the notes.

The typical mistake is still looking for the old extraordinary results heading in the annual accounts or, the other way round, sending any one-off income to account 778 by default. A grant, the sale of a fixed asset or financial income each have their own accounts; 778 is only for what fits nowhere else.

Related terms

• Autónomo: An autónomo is a self-employed individual who works independently in Spain and bears the financial risk of their own business.
• Impuesto de Sociedades: Impuesto de Sociedades is the tax charged on the profits earned by Spanish companies, such as an SL or SA, instead of the personal income tax that individuals pay.
• Base imponible: The base imponible is the amount a tax is calculated on: on an invoice, it is the price of your goods or services before adding IVA (Spanish VAT) and before subtracting any IRPF withholding.
• Plan General de Contabilidad: The Plan General de Contabilidad (PGC) is Spain's official accounting framework: it sets the principles, the valuation rules, the annual accounts templates, and a standardized chart of accounts used by every company.

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