Integration and compensation of revenue

Integration and compensation of income in the general and savings tax base

• For 2019, the negative balance of capital gains from the savings tax base for the year will be offset by the positive balance of capital gains and losses that make up the savings tax base, obtained in the same tax period, with a limit of 25% of said positive balance. Likewise, the negative balance of capital gains and losses from the savings tax base will be offset by the positive balance of capital gains from the savings base, obtained in the same tax period, with a limit of 25% of said positive balance.

  The same compensation and with the same joint limit will be carried out with the negative balances of the capital gains and capital gains and losses of the taxable savings base of previous years pending compensation as of January 1, 2019, once the compensation indicated in the previous paragraph has been carried out.

• The special procedure for offsetting negative income from subordinated debt or preferred shares generated in 2014 does not apply in 2019.