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

Regulation: Additional Provision Eighth Law 20/1990

For cooperatives whose net turnover is at least 20 million euros during the 12 months prior to the date on which the tax period begins, the limitation on the compensation of negative contributions will not be of application in the amount of income corresponding to deductions and holdings consequence of an agreement with unrelated creditors with 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 reductions by agreement with unrelated creditors of cooperatives (at the quota level) ( DA 8 Law 20/1990)» on page 14 of model 200, the amount resulting from applying to the income corresponding to haircuts by agreements with creditors not related to the taxpayer, the average tax rate at which said cooperative societies pay taxes.