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Practical manual for Income Tax 2020.

Integration and compensation of income in the taxable savings base

Regulations: Art. 49, Additional Provision thirty-ninth.1; and seventh transitional provision.5 Personal Income Tax Law

The integration and compensation of income in the taxable savings base is carried out, in a similar way to that discussed in the previous section, in two phases: The first is intended to determine the taxable base of the savings obtained in the tax period itself, and the second is to offset the negative items from previous years that are pending offset against the positive balance, if any, obtained.

  1. Phase 1. Integration and compensation of income obtained in the tax period
  2. Phase 2. Compensation of negative items pending from previous years
  3. Summary table of integration and compensation of income in the savings tax base