11.2.2.4 Income corresponding to the reversal of cooperative impairments (at quota level) (DT 16ª.8 LIS)

Cooperative societies must convert into quotas the amount relating to the income corresponding to the reversal of losses due to impairment of securities representing participation in the capital or equity of entities generated in tax periods beginning before 1 January 2013, which are not taken into account in the application of the limitation on the offsetting of negative tax bases established in article 26.1 of the LIS in the terms established in section eight of the sixteenth transitional provision of the LIS.

Therefore, cooperative societies must record in code [01510] the amount resulting from applying the tax rate to the income corresponding to the reversal of impairments according to section 8 of the sixteenth transitional provision of the LIS, the tax rate to which said cooperative societies are subject.