Skip to main content
Practical Handbook for Companies 2021

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 is at least 20 million euros during the 12 months prior to the date on which the tax period begins, the limitation on the offsetting of losses will not apply to the amount of income corresponding to waivers and waivers as a result of an agreement with unrelated creditors with the taxpayer.

Filling in form 200

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