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News published in INFORMA 2019

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New features introduced in the INFORMA programme in JANUARY

141161- TAX BASE. VARIATIONS IN VALUE OF HERITAGE ITEMS. ALLOCATION TO RESERVES

For tax periods beginning on or after January 1, 2018, variations in the value of assets when they must be allocated to a reserve account as established by a legal or regulatory rule will have tax effects.

141162- TAX BASE. ATTRIBUTION TO RESERVES. INTEGRATION PERIODS IN THE TAX BASE

Debits and credits to reserve accounts, which are considered expenses or income, respectively, as soon as they have tax effects, will be integrated in equal parts into the tax base corresponding to each of the first three tax periods that begin as of January 1, 2018.

141184- TYPE OF LIEN. NEWLY CREATED NON-PROFIT ASSOCIATION

Income derived from the development of an economic activity by a newly created non-profit entity, as well as donations, subsidies or membership fees used to finance said economic activity will be subject to and not exempt from Corporate Tax, and The entity could apply the 15 percent rate in the first tax period in which the tax base was positive and in the next.