News published in INFORMA 2019

New items published in the INFORMA programme during FEBRUARY

An insurance company that calculates the provision for claims pending declaration in accordance with its authorized statistical method will be a tax-deductible expense in Corporate Tax if it is considered a minimum amount in accordance with the Regulation on the Organization and Supervision of Private Insurance. The amount of the provision that may exceed this minimum amount would not be considered a tax-deductible expense.

A company engaged in leasing properties without personnel, whose assets consist mainly of term deposits established in years in which it carried out the economic activity of real estate development and, to a lesser extent, of properties currently leased, may apply the regime of a small company, as it is not considered a holding company.

Income derived from a write-off is not considered income derived from the transfer of equity to third parties and cannot reduce net financial expenses pending deduction.

An association dedicated to practical learning by university students, whose income derived from membership fees and the performance of teaching activities is subject to and not exempt from corporate tax.