4.2.89 Keys 01027 and 01028 pending eliminations to be incorporated from companies that no longer belong to a group

Article 64 of the LIS establishes that eliminations will be carried out in accordance with the criteria established in the Rules for the Formulation of Consolidated Annual Accounts, approved by Royal Decree 1159/2010, of September 17, provided that they affect individual tax bases and with the specificities provided for in this Law.

Likewise, article 65.1 of the LIS establishes that the eliminated results will be incorporated into the tax base of the tax group when so established in the Rules for the Formulation of Consolidated Annual Accounts, approved by Royal Decree 1159/2010, of September 17.

However, the eliminated results will be incorporated into the individual tax base of the entity that generated those results and will cease to form part of the tax group as provided for in letter a) of article 74.1 of the LIS, in the tax period in which said exclusion occurs.

Therefore, in Keys [01027] and [01028] the amounts corresponding to the incorporation of the eliminated results to the individual tax base of the transmitting entity that generated said expenses and has ceased to be part of the tax group will be recorded. This incorporation will take place in the tax period in which the exclusion occurred.