4.2.30 Code 00339 expenses for donations and liberalities (Art. 15 e) LIS)

Article 15 e) of the LIS establishes that donations and liberalities will not be considered tax-deductible expenses.

Within this letter e), expenses for attention to clients or suppliers will not be included, nor those that, in accordance with the uses and customs, are made with respect to the company's personnel nor those made to promote, directly or indirectly, the sale. of goods and provision of services, nor those that are correlated with income. However, expenses for services to clients or suppliers will be deductible with a limit of 1 percent of the net amount of the turnover for the tax period.

Nor will remuneration to administrators for the performance of senior management functions, or other functions derived from an employment contract with the entity, be understood to be included in this letter e).

For these purposes, in the tax period in which these expenses for donations and non-tax deductible liberalities are recorded, an adjustment must be made to the accounting result in the increases key [00339].