4.2.89 Codes 01027 and 01028 eliminations pending incorporation of companies that cease to belong to a group

Article 64 of the LIS establishes that eliminations will be carried out in accordance with the criteria established in the Standards for the Formulation of Consolidated Annual Accounts, approved by Royal Decree 1159/2010, of 17 September, 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 this is established in the Standards 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 had generated those results and ceases to be 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, Keys [01027] and [01028] will include the amounts corresponding to the incorporation of the eliminated results to the individual tax base of the transferring entity that generated said expenses and is no longer part of the tax group. Said incorporation will be carried out in the tax period in which the exclusion occurred.