Income corresponding to reductions due to agreement with unrelated creditors of cooperatives (at amount level) (eighth additional provision of Law 20/1990).

Regulation: Eighth Additional Provision Law 20/1990

For cooperatives whose net turnover amount is at least €20 million during the 12 months prior to the date on which the tax period begins, the limitation on the offsetting of negative quotas will not apply to the amount of income corresponding to reductions and waiting periods as a result of an agreement with creditors not related to the taxpayer.

Filling in form 200

Cooperative societies with a net turnover of at least 20 million euros in the previous year must enter in box [00593] "Income corresponding to discounts due to agreements with unrelated creditors of cooperatives (at share level) ( DA 8 Law 20/1990)" on page 14 of form 200, the amount resulting from applying the average tax rate at which said cooperative societies are taxed to the income corresponding to discounts due to agreements with creditors not related to the taxpayer.