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Practical Manual of Companies 2022.

Liquid quota concept

Law 22/2021, of December 28, on the General State Budgets for the year 2022, with effects for tax periods starting on January 1, 2022, adds section 2 to article 30 of the LIS to introduce the concept of liquid quota which is defined as the result of applying to the full quota, the bonuses and deductions that may be provided for in the regulations of the Tax, without it being negative.

In relation to the above, article 41 of the LIS regarding the deduction of withholdings, deposits on account and installment payments is modified, to replace the mention of the full fee with that of liquid quota or minimum liquid quota, as appropriate.

In this same sense, article 71.1 of the LIS, which regulates deductions and bonuses from the full tax group's share, is modified to introduce the definition of net tax of the tax group as the result to reduce the full quota of said group by the amount of the deductions and bonuses provided for in Chapters II, III and IV of Title VI of the LIS, as well as any other deduction that may be applicable, without it being negative.