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Practical Handbook for Companies 2021

Decrease in the index of entities

With effect for tax periods beginning on or after 1 January 2021, Law 11/2021 of 9 July on measures to prevent and combat tax fraud amends Article 119 of the LIS to introduce a technical improvement in the regulation of deregistration in the corporate income tax entity index by clarifying that the concept of "write-off" is to be applied to debtor entities and not to receivables.