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Practical Handbook for Companies 2021

Income from the transfer of fixed assets obtained by Port Authorities

The sixty-eighth additional provision of Law 6/2018, of 3 July, on the General State Budget for 2018, establishes that with effect for tax periods commencing on or after 1 January 2017, and with indefinite validity, the income obtained by the Port Authorities as a result of the transfer of elements of their fixed assets will be exempt from Corporate Income Tax, provided that the total amount of the transfer is used for the amortisation of loans granted by State Ports or by official credit institutions to finance investments in elements of fixed assets related to their specific object or purpose.

Filling in form 200

In application of the sixty-eighth additional provision of Law 6/2018, the Port Authorities must include in the box [01824] "Income from the transfer of fixed assets obtained by the Port Authorities (DA 68th Law 6/2018)" on page 13 of form 200, the amount of the income obtained as a result of the transfer of elements of their fixed assets, and which are exempt as they comply with the purpose required in said additional provision.