11.2.1.9 Reduction by mandatory allocation to the mandatory reserve fund (Article 16.5 Law 20/1990)

For liquidation purposes, in order to obtain the taxable base that is to be subject to tax, the taxable base corresponding to one and other type of results must be reduced by 50% of the part thereof that is obligatorily allocated to the Mandatory Reserve Fund. Thus, each column will record 50% of the portion of the respective results that must be allocated to the Mandatory Reserve Fund.