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Practical Manual for Companies 2023.

Common note to the exemptions of Article 21 of the LIS

Article of the establishes that the exemption provided in this article apply:

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

  2. Income obtained by Spanish and European economic interest groups and by temporary business associations, when at least one of their partners is a natural person.

  3. To income from foreign sources that the entity includes in 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.