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Practical Manual of Companies 2021.

Decrease in the entity index

With effect for tax periods starting on January 1, 2021, Law 11/2021, of July 9, on measures to prevent and combat tax fraud, modifies article 119 of the LIS to introduce a technical improvement in the regulation of deregistration in the Corporate Tax entity index, consisting of clarifying that the concept of "failed" must be applied to debtor entities , and not to the credits .