Hybrid asymmetries

Royal Decree-Law 4/2021, of March 9, which modifies Law 27/2014, of November 27, on Corporate Tax, and the consolidated text of the Non-Resident Income Tax Law , approved by Royal Legislative Decree 5/2004, of March 5, in relation to hybrid asymmetries, introduces with effect for the tax periods that begin on or after January 1, 2020 and that have not concluded Upon the entry into force of this Royal Decree-Law (March 11, 2021), a new article 15 bis in the LIS , with the consequent repeal of article 15 j) of the LIS, and adds sections 6 and 7 to article 18 of the Consolidated Text of the Non-Resident Income Tax Law, with the aim of transposing the Directive ( EU ) 2016/1164 of the Council, of July 12, 2016, in the wording given by Council Directive (EU) 2017/952, of May 29, 2017, regarding to the hybrid asymmetries that take place between Spain and other Member States and between Spain and third countries or territories.

You can consult in Chapter 5 of this Manual the adjustments to the accounting result to be made on page 12 of form 200 as a result of the application of the new regulations regarding hybrid mismatches.