Skip to main content
Form 100. 2020 Personal Income Tax Return Declaration

8.3.4. Offsets of negative items in the savings tax base

Negative items from previous years pending compensation as of January 1, 2020 can be:

  • Negative balances of capital gains from 2016, 2017, 2018 and 2019, pending compensation as of January 1, 2020, to be integrated into the savings tax base.
  • Negative balances of capital gains and losses from 2016, 2017, 2018 and 2019, pending compensation as of January 1, 2020, to be integrated into the savings tax base.

1Compensation of the negative items pending from previous years with their respective positive balance of income or profits and losses for the year

  • The positive balance of capital gains for fiscal year 2020, once said balance has been reduced by the compensation of capital losses corresponding to fiscal year 2020, may be offset by taxpayer with the balance of negative capital gains pending compensation for fiscal years 2016. , 2017, 2018 and 2019.

  • The positive balance of profits and losses for fiscal year 2020, once said balance has been reduced by the compensation of the negative balance, if any, of capital gains obtained in fiscal year 2020, may be offset by taxpayer with the balance of the pending Losses. compensation for the years 2016, 2017, 2018 and 2019.

In no case will compensation be made outside the four-year period, by accumulating negative net balances or capital losses from subsequent years.

2. Compensation of the rest of the negative balances of capital gains and outstanding profits and losses from previous years not offset

  • If there are negative balances of capital gains from the years 2016, 2017, 2018 and 2019 that have not been offset as indicated above, they may be offset with the remaining positive balance, if any, of capital gains from the year 2020 up to the limit of 25 percent of the aforementioned positive balance.

    This compensation, together with that of the negative balances of movable capital returns from 2020, may not jointly exceed the limit of 25 percent of the positive balance of profits and losses for 2020.

  • If there are negative balances of capital gains and losses for the years 2016, 2017, 2018 and 2019 that have not been offset, in which case, they may be offset with the remaining positive balance, if any, of capital gains for the year 2020. , up to the limit of 25 percent of the aforementioned positive balance.

    This compensation, together with that of the negative balances of profits and losses of 2020 that are offset by the positive balance of movable capital returns of 2020, may not jointly exceed the limit of 25 percent of the positive balance of movable capital returns of 2020 before of compensations.