Cooperative income corresponding to reversal of impairment (at tax payable level) (Transitional provision 16.8 of the LIS)

Regulation: DT 16.8 LIS

Cooperative societies must convert into installments the amount related to the income corresponding to the reversal of losses due to impairment of the values representing the participation in the capital or equity of entities generated in tax periods beginning prior to January 1, 2013, that do not are taken into account in the application of the limitation to the compensation of negative tax bases established in article 26.1 of the LIS in the terms established in section 8 of the sixteenth transitional provision of the LIS.

Filling in form 200

Cooperative societies must enter in box [01510] “Income corresponding to the reversal of cooperative impairments (at quota level) (DT 16.8 LIS)” on page 14 of form 200, the amount resulting from applying to the income corresponding to the reversal of impairments according to section 8 of the sixteenth transitional provision of the LIS, the average tax rate at which said cooperative societies pay taxes.