4.2.35 Codes 01009 and 01010 expenses corresponding to operations carried out with related persons or entities (Art. 15 j) LIS)

In accordance with the provisions of article 15 j) of the LIS , tax deductible expenses will not be those corresponding to operations carried out with related persons or entities that, as a consequence of a different tax classification in these , do not generate income or generate income that is exempt or subject to a nominal tax rate of less than 10 percent.

For these purposes, in the tax period in which the aforementioned non-tax deductible expenses are recorded, an adjustment must be made to the accounting result in the increases key [01009].

However, even if the conditions set out in said article are met, if in subsequent tax periods, the taxpayer proves that there are valid economic reasons for carrying out said operations, said financial expenses will be considered tax deductible, so a negative adjustment must be made. in the key [01010] of decreases.