News published in INFORMA 2022

News published in INFORMA during the month of OCTOBER

The producer may transfer to the financier the deduction generated since the date of signing the financing contract , for the disbursements made by the financier intended by the producer to cover production costs from said date until obtaining the certificate of nationality, and always with the limit resulting from multiplying by 1.20 the amount of the amounts disbursed by the financier.

To the extent that the completion of the film production and the application for the corresponding certificates is carried out before the end of the financial year, the deduction generated may be applied by the producer in the self-assessment of the Corporate Tax for that financial year , although the notification of the granting of the certificates referred to in article 36.1. of the LIS occurs in the tax period following the completion of the work.

If in any of the financial years corresponding to the 5-year period of maintaining the increase in own funds, there is a decrease in the voluntary reserve item, existing at the beginning of the financial year in which the capitalization reserve is provided, as a result of the distribution of dividends charged to them, this will mean a lower amount of own funds at the close of the financial year in which it occurs, for the purposes of determining compliance with said requirement.

A professional civil society, which meets the requirements of Law 2/2007, on professional societies, and which carries out the activity of selling real estate insurance as an accessory activity is a taxpayer of Corporate Tax .