News published in INFORMA 2018
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141005- CAPITALIZATION RESERVE. ASSETS COMPANIESGiven that no limitations are established for its application to property entities, and as long as it meets the requirements established in article 25 of the LIS, the property entity may apply the capitalization reserve in the terms established therein.
141004-DEDUCTION TO AVOID LEGAL DOUBLE TAXATION: TAX SUPPORTED BY THE TAXPAYER. SERVICES PROVIDED IN CAMEROONA company that is providing services to companies in Cameroon, when collecting invoices issued, retains 15 percent. If the withholding carried out in Cameroon corresponds to a direct tax that had the purpose of taxing the income obtained, the requirement provided for in article 31.1.a) of the LIS will be presumed met and the deduction may be applied to avoid legal double taxation. .
141003-COMPENSATION OF NEGATIVE TAX BASES. NEGATIVE TAX BASES GENERATED BEFORE 1-1-2015In the absence of a transitional regime, the limitation on the compensation of negative tax bases is applicable with effect for tax periods beginning on or after January 1, 2015, provided that there are negative tax bases pending compensation in those tax periods, regardless of that the required requirements and conditions had occurred in tax periods beginning before that date and in the context of a sale of shares carried out prior to the entry into force of the LIS.
141002- TAX BASE. ACQUISITION OF PARTNER SHARES AND AMORTIZATION OF TREASURY SHARESAn entity that acquires a partner's shares and subsequently reduces capital by amortizing treasury stock does not generate any income or expenses for the company, given that the provisions of the LIS do not provide for any correction to the accounting criteria.
141001-TAX BASE. FEES FOR FACILITY MAINTENANCEThe income derived from the maintenance fees paid by the members of a golf club must form part of its tax base in the terms indicated in article 10 of the LIS in accordance with the general corporate tax regime.
140999-TAXPAYERS. CIVIL SOCIETY. WITHDRAWAL OF OWN FUNDS BY PARTNERSA civil society, which is transformed into a limited liability company, in which the partners, once transformed, withdraw part of the own funds from contributions that have already been taxed when they were not taxpayers of Corporate Tax will have no impact on the determination of the tax base of said company.