Non deductible expenses
Article 15 of the LIS includes a series of accounting expenses that are not considered tax deductible, so it will be necessary to make adjustments to the accounting result as detailed below:
- Non-deductible expenses due to being considered payment from shareholders’ equity
- Expenditure derived from accounting Corporation Tax
- Expenses arising from the accounting of the Complementary Tax
- Fines, penalties and other
- Gaming losses
- Expenditure on donations and gifts
- Expenditure on activities contrary to the legal system
- Operations carried out with non-cooperative jurisdictions
- Financial expenditure arising from debts with entities in the group
- Expenditure arising from the expiry of an employment or trade relationship
- Hybrid asymmetries
- Entities under income allocation regime: hybrid asymmetries
- Impairment losses on securities representing shares in the capital or equity of companies
- Loss of value caused by fair value criteria
- Tax debt on documented legal acts
- Temporary energy tax
- Temporary levy on financial institutions and credit institutions
- Expenses that are subject to deduction for investments made by port authorities
- Limitation of the deductibility of financial expenses