11.2.2.3 Income corresponding to reductions by agreement with unrelated creditors of cooperatives (at the quota level) (DT 8th Law 20/1990)

The eighth transitional provision of Law 20/1990 of December 19, on the Tax Regime of Cooperatives establishes that the limitation on the compensation of negative quotas will not be applicable to the amount of income corresponding to reductions and waiting periods resulting from an agreement with creditors not related to the taxpayer.

Therefore, cooperative societies must record in code [00593] the amount resulting from applying the tax rate to the income corresponding to discounts due to agreements with creditors not related to the taxpayer, the tax rate to which said cooperative societies are taxed.