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Practical Income Manual 2019.

Integration and compensation of revenue

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

  • For 2019, the negative balance of the capital gains from the savings tax base for the year will be offset by the positive balance of the capital gains and losses that make up the savings tax base, obtained in the same tax period, with the limit of 25 percent of said positive balance. Similarly, the negative balance of the capital gains and losses of the savings tax base will be offset by the positive balance of the capital gains and losses of the savings base, obtained in the same tax period, with a limit of 25 percent. 100 of said positive balance.

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

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