Intercompany internal double taxation deduction

In accordance with article 32 of Act 20/1990, of 19 December, on the Tax Regime of Cooperatives, members of the protected cooperatives have the right to a deduction in the 10% of the payments received in relation to cooperative returns. 100

In the event that the returns come from a particularly protected cooperative and that, therefore, have benefited from the bonus provided for in article 34 of Act 20/1990, this deduction will be 5% 100 of these returns.

Filling in form 200

In box [00577] "Deduction for double internal corporate taxation at 5/10% (cooperatives)" on page 14 of Form 200, the deduction resulting from applying the percentage of 10 per 100 (5 per 100 in the case of particularly protected cooperative companies) on the amount of the returns calculated by the taxpayer in the financial year, provided that these returns come from cooperative companies that have paid tax in their own way without any bonus or reduction whatsoever for Corporation Tax.