Rebates applicable to Cooperative Societies

Cooperative societies shall record in box [00566] "Cooperative Society Bonuses (Law 20/1990)" on page 14 of form 200, the sum of the fee bonuses to which, where applicable, they are entitled, among the following bonuses regulated by Law 20/1990, of December 19, on the Tax Regime of Cooperatives:

1. Bonuses of article 34.2 of Law 20/1990

In this section, two types of bonuses applicable to specially protected cooperatives are distinguished:

1. As general rule, the bonus established in article 34.2 of Law 20/1990 be applied, in the following terms:

   • Bonus percentage : 50 percent.

   • Entities affected: Specially protected cooperatives.

   • Bonified income: All income obtained by specially protected cooperatives.

   • Bonus basis: Full quota defined in article 23 of Law 20/1990, after the negative quotas from previous years that may be available have been offset, that is:

     Box [00560] «Previous full fee» - Box [00561] «Compensation of fees for cooperative losses»

2. With special character, the bonus established in article 14 of Law 19/1995, of July 4, on Modernization of Agricultural Holdings, will be applied in the following terms:

   • Bonus percentage: 80 percent.

     Entities affected: Specially protected agricultural cooperatives that have the status of priority agricultural association farms.

   • Bonified income: All income obtained by the above entities.

   • Bonus basis: Full quota defined in article 23 of Law 20/1990, after the negative quotas from previous years that may be available have been offset, that is:

     Box [00560] «Previous full fee» - Box [00561] «Compensation of fees for cooperative losses»

2. Bonus of article 35.2 of Law 20/1990

This bonus will be applied under the following terms:

• Bonus percentage: 50 percent.

• Entities affected: Second and subsequent level cooperatives that do not fall under the circumstances indicated in article 13 of Law 20/1990 and that are associated exclusively with specially protected cooperatives.

• Bonified income: All income obtained by the above entities.

• Bonus basis: Full quota defined in article 23 of Law 20/1990, after the negative quotas from previous years that may be available have been offset, that is:

  Box [00560] «Previous full fee» - Box [00561] «Compensation of fees for cooperative losses»

3. Bonus of article 35.3 of Law 20/1990

This bonus will be applied under the following terms:

• Bonus percentage: 50 percent.

• Entities affected: Second and subsequent level cooperatives that do not fall under the circumstances indicated in article 13 of Law 20/1990 and that associate protected and specially protected cooperatives.

• Bonified income: Exclusively the results from operations carried out with specially protected cooperatives.

• Bonus basis: Part of the full quota defined in article 23 of Law 20/1990 that corresponds to the results from operations carried out with specially protected cooperatives, after the negative quotas from previous years that may be available have been offset, that is:

  Box [00560] "Previous full share" - Box [00561] "Compensation of shares for cooperative losses" (in the part that corresponds to operations carried out with specially protected cooperatives)

4. Bonus of the Third Additional Provision of Law 20/1990

This bonus will be applied under the following terms:

• Bonus percentage: 90 percent.

• Entities affected: Fiscally protected worker cooperatives that have at least 50 percent of disabled members and that prove that, at the time the cooperative was established, said members were unemployed.

• Bonified income: All income obtained by the cooperative during the first 5 years of its social activity, as long as the aforementioned percentage of members is maintained.

• Bonus basis: Full quota defined in article 23 of Law 20/1990, after the negative quotas from previous years that may be available have been offset, that is:

  Box [00560] «Previous full fee» - Box [00561] «Compensation of fees for cooperative losses»