Payment by instalments: article 40.3 LIS

Regulation: Fifth Additional Provision LIS

The amount of the RIC that is expected to be carried out may be reduced from the tax base, prorated in each of the periods of the first 3, 9 or 11 months of the tax period and with a maximum limit of 90 percent the tax base for each of them.

If the amount of the reserve to be provided is more than 20 percent lower than the amount of the reduction in the tax base made to calculate the amount of each of the fractional payments raised to the year, the entity will be obliged to regularize said payments for the difference between the initial provision and the effective provision, without prejudice to the settlement of the interest and surcharges that are applicable.