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Practical Manual for Companies 2023.

Income corresponding to reductions due to agreement with unrelated creditors of cooperatives (at amount level) (eighth additional provision of Law 20/1990).

Regulation: DA 8 Law 20/1990

For cooperatives with a net turnover of at least 20 million euros during the 12 months prior to the start of the tax period, the limitation on the offsetting of negative quotas will not apply to the amount of income corresponding to reductions and waiting periods as a result of an agreement with creditors not related to the taxpayer.

Filling in form 200

Cooperative societies with a net turnover of at least 20 million euros in the previous year must enter in box [00593] "Income corresponding to reductions by agreement with unrelated creditors of cooperatives (at share level) (DA 8 Law 20/1990)" on page 14 of form 200, the amount resulting from applying the average tax rate at which said cooperative societies are taxed to the income corresponding to reductions by agreement with creditors not related to the taxpayer.