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Practical Handbook for Companies 2021

Payment in instalments:article 40.3 LIS

Regulation: Fifth additional provision LIS

The amount of the RIC, which is to be carried out, pro rata in each of the periods of the first 3, 9 or 11 months of the tax period and with the maximum limit of 90 percent of the taxable base of each of them, may be reduced from the taxable base.

If the amount of the reserve to be set aside is more than 20 per cent lower than the amount of the reduction in the tax base used to calculate the amount of each of the instalments paid each year, the entity will be obliged to adjust these payments for the difference between the initial forecast and the actual allocation, without prejudice to the payment of any interest and surcharges that may be applicable.