News published in INFORMA 2023
Skip information indexNews published in INFORMA during the month of APRIL
146492 - RESERVE FOR INVESTMENTS IN THE BALEARIC ISLANDS: PURPOSEThe Reserve for investments in the Balearic Islands is created with the purpose that taxpayers of Corporate Tax and Non-Resident Income Tax have the right to reduction in the tax base by the amounts that, in relation to their establishments located in the Balearic Islands, allocate from their profits to the investment reserve.
146495 - RESERVE FOR INVESTMENTS IN THE BALEARIC ISLANDS: MATERIALIZATION DEADLINEThe amounts allocated to the reserve for investments in the Balearic Islands d must be materialized within a maximum period of three years.
146493 - ALLOCATIONS TO THE RESERVE FOR INVESTMENTS IN THE BALEARIC ISLANDS: REQUIREMENTSThe reduction will be applied to the contributions that are made to the Reserve for investments in each tax period up to the limit of 90 percent of the part of the profit obtained in the same period that is not subject to distribution, insofar as it comes from establishments located in the Balearic Islands; in no case will the application of the reduction determine that the tax base is negative.
146494 - RESERVE FOR INVESTMENTS IN THE BALEARIC ISLANDS: FORMAL REQUIREMENTSThe Reserve for investments must appear in the balance sheet with absolute separation and appropriate title and will be unavailable as long as the assets in which it was materialized must remain in the company.
146491 - SPECIAL FISCAL REGIME OF THE BALEARIC ISLANDS: REGULATIONThe seventieth Additional Provision of the General State Budget Law for 2023 introduces the special tax regime of the Balearic Islands with effects for tax periods that begin between January 1, 2023 and December 31, 2028.
146496 - RESERVE FOR INVESTMENTS IN THE BALEARIC ISLANDS: MATERIALIZATION REQUIREMENTSThe assets in which the investment is materialized must be located or received in the Balearic archipelago, used therein, be affected and be necessary for the development of economic activities of the taxpayer , except in the case of those that contribute to the improvement and protection of the environment in the Balearic territory.
146498 - RESERVE FOR INVESTMENTS IN THE BALEARIC ISLANDS: INCOMPATIBILITYThe application of the benefit of the reserve for investments will be incompatible , for the same goods and expenses, with the deductions to encourage the performance of certain activities regulated in Chapter IV of Title VI of the LIS .
146497 - RESERVE FOR INVESTMENTS IN THE BALEARIC ISLANDS: EARLY MATERIALIZATIONTaxpayers may carry out early investments, which will be considered as materialization of the reserve for investments that is allocated with a charge to profits obtained in the tax period in which the investment is made or in the subsequent three, provided that the remaining requirements demanded therein are met.