New items published in the INFORMA programme during March

The UTE as a taxable person of the IAE will calculate its net amount of turnover independently, integrating into it the amount of the sales and services of services reduced by the amount of returns and rebates on sales and it will be their own net amount that will be taken into account for the application to the UTE of the exemption based on turnover.

A company is established through the merger of several companies and at the time of its incorporation it segregates several branches of activity, constituting as many investee companies, if the economic activities carried out by any of the new entities coincide, in whole or in part, with the activities economic activities that the merged companies had been exercising, the exemption for beginning the exercise of the activity does not apply.

In the case of a merger due to the creation of a new company, for the application to the new company resulting from the merger of several companies that previously carried out the same economic activity, of the exemption regulated in article 82.1.c) of TRLRHL in the tax period corresponding to the beginning of economic activity by the new company and the following one, it must be at the net amount of the turnover corresponding to all the merged companies.

Taxable persons to whom the exemption for the net amount of the turnover does not apply must notify the AEAT of the same (as well as the variations that occur in said amount if they involve a modification in the application or not of said exemption) through form 848, being exempt from submitting this communication when this amount has been recorded in the last Corporate Tax declaration submitted before January 1 of the year in which said figure must take effect in the Tax on Economic Activities.