Income from the reversal of impairment losses on securities representing participation in the capital or equity of cooperatives (at the share level) (DT 16ª.3 LIS)

Regulation:DT16.3 of the LIS

Cooperative societies mustconvert to installmentsthe amount relating to the income corresponding to thereversal of impairment lossesof representative values from participation in the capital or equity of entitiesgeneratedin tax periods that have begunprior to 1 January 2013,thatare not taken into account for the application of the limits on the compensation of negative tax bases established in the aSection 1 of the Fifteenth Additional Provision of the LIS for large companies based on the net amount of turnover, provided that the negative tax bases subject to compensation originate in tax periods beginning before January 1, 2021.

Filling in form 200

Cooperative societies must record in thebox [00932] "Income corresponding to the reversal of impairment losses on securities representing participation in the capital or equity of cooperatives (at share level) (DT 16.3 LIS)" on page 14 of form 200, the amount resulting from applying to the income corresponding to the reversal of impairments according to section 3 of the sixteenth transitional provision of the LIS, the average tax rate at which said cooperative societies are taxed.