Income from the transfer of fixed assets obtained by Port Authorities

The Sixty-eighth Additional Provision of Law 6/2018 , of July 3, on the General State Budgets for the year 2018, establishes that with effect for tax periods beginning on or after 1 January 2017, and with indefinite validity, the income obtained by the Port Authorities as a consequence of the transfer of elements of their fixed assets will be exempt from Corporate Tax, provided that the total amount of the transmission is used for the amortization of loans granted by State Ports or by official credit entities to finance investments in fixed assets related to their specific object or purpose.

Filling in form 200

In application of this provision, the Port Authorities in box [01824] «Income from the transfer of fixed assets obtained by the Port Authorities ( DA 68 Law 6/2018) » on page 13 of form 200, must include the amount of income obtained by said Port Authorities as a consequence of the transfer of elements of their fixed assets, which are exempt for complying with the purpose required in the Additional Provision sixty-eighth of Law 6/2018.