News published in INFORMA 2024

New items published in the INFORMA programme during May

For the purposes of determining the deduction generated by the producer that may be applied to the financier all amounts contributed by the latter must be computed, from the signing of the financing contract until the date of obtaining the certificates provided for in article 36.1 a) of the LIS.

The increased limit of 50 percent , provided for in article 39.1 of the LIS, will apply to all deductions provided for in Chapter IV of Title VI of the LIS that are applied in a given tax period.

The expenses that have been erroneously accounted for in a tax period after the accrual period must be accounted for in the tax period after the accounting allocation was made, unless this does not result in a tax burden lower that which would have been applicable by applying the accrual allocation criterion.

The reduction in capital with the return of contributions to partners should not be computed when determining compliance with the requirement of maintaining the increase in equity.

In accordance with article 25.1 of the LIS the amount of the increase in equity must be maintained for a period of 5 years from the close of the tax period in which the corresponding reduction in base is made, except for the existence of accounting losses in the entity.