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

Cooperative societies must convert into installments the amount related to the income corresponding to the reversal of losses due to deterioration of the values representing the participation in the capital or in the own funds of entities generated in tax periods that began prior to January 1 of 2013, which are not taken into account in the application of the limitation on the compensation 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 enter in the code [01510] the amount resulting from applying to the income corresponding to the reversal of impairments according to section 8 of the sixteenth transitional provision of the LIS, the type of tax to which they are taxed. said cooperative societies.