Skip to main content
Practical Manual of Companies 2022.

Common note to the exemptions of Article 21 of the LIS

Article article 21.9 of the LIS establishes that the exemption provided for in this article will not apply:

  1. To income distributed by the public regulation fund of the mortgage market.

  2. To income obtained by Spanish and European economic interest groups, and by temporary joint ventures of companies, when at least one of their partners has the status of a natural person.

  3. To income from a foreign source that the entity integrates into its tax base and in relation to which it chooses to apply, if applicable, the deduction established in articles 31 or 32 of this Law.