4.2.59 Codes 01320 and 01321 temporary joint venture (UTE), adjustments to article 45.1 LIS

Article 45.1 of the LIS establishes that the temporary unions of companies regulated in Law 18/1982, of May 26, on the tax regime of groups and temporary unions of Companies and Partnerships regional industrial development, and registered in the special registry of the Ministry of Finance and Public Administrations, as well as its member companies, will be taxed in accordance with the provisions of article 43 of this Law, except in relation to the valuation rule established in the second paragraph of section 4 of the aforementioned article.

For these purposes, when the reporting entity holds the economic rights inherent to the quality of partner of a temporary joint venture of companies, subject to the special regime regulated in Chapter II of Title VII of the LIS, it will be recorded in the codes [01320] and [ 01321], completing, where applicable, their corresponding breakdown boxes, all the adjustments that correspond to the charges of article 43 of the LIS, when the same is carried out on the end date of the tax period of UTE . Likewise, it will be included, where appropriate, and without the possibility of offsetting with the amount of the imputed tax base, the cancellation of the amount integrated into the accounting result of the member entity from its participation in the UTE.