News published in INFORMA 2023

News published in INFORMA during the month of SEPTEMBER

The charge to reserves made by an entity, motivated by the application of the provisions of NRV 22 PGC , will mean a lower amount of own funds at the close of the financial year in which it was made , for the purposes of determining compliance with the requirement of maintaining the increase in own funds.

Entities that have the status of emerging company pay taxes at a rate of 15% in the first tax period in which, having said status, the tax base is positive, and in the following three , provided that they maintain said status.

Failure to comply with requirement for in article 25.1.a) of the LIS will result in the regularization of the unduly reduced amounts . For these purposes, an unduly reduced amount is understood to be the amount of the applied capitalisation reserve that corresponds to the amount of the increase in equity for which the maintenance requirement has not been met.

The surcharges for late declaration are not deductible in the IS , if the entity deducted the expense from the accounts, a positive extra-accounting adjustment must be made in the tax period in which the accounting record took place.