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Practical Handbook for Companies 2021

Increases (positive adjustments)

a) Cooperative outcomes

In the box [C7] the adjustments derived from the divergence of valuation criteria, the existence of non-deductible expenses, etc., corresponding to the cooperative results, which imply an increase of the result entered in the box [C6], shall be entered.

In particular, in the box [C7] , the amount corresponding to the part of the allocation, charged to cooperative results, to the Education and Promotion Fund which, being an accounting expense for the year, is not deductible for tax purposes, should be included as a positive adjustment .

b) Extra-cooperative results

In the box [E7] the adjustments derived from the divergence of valuation criteria, the existence of non-deductible expenses, etc., corresponding to the extra-cooperative results, which imply an increase of the result entered in the box [C7], shall be entered.

In particular, in the box [E7], the amount corresponding to the allocation, charged to extra-cooperative results, to the Education and Promotion Fund, which is not tax deductible, should be included as a positive adjustment .