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News published in the INFORMA programme 2019

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New features introduced in the INFORMA programme in JANUARY

141161 - TAXABLE BASE.VARIATIONS OF VALUE OF ASSET-RELATED ELEMENTS.ALLOCATION TO RESERVES

For tax periods commencing from 1 January 2018, variations in the value of asset-related assets when they must be recorded in a reserve account to establish a legal or regulatory standard for it, have tax effects.

141162 - TAXABLE BASE.ALLOCATION TO RESERVESPERIODS INTEGRATION INTO THE TAXABLE BASE

When charges and deposits to reserve accounts considered as expenses or income, respectively, have tax effects, they shall be integrated in equal parts into the taxable base corresponding to each of the three first tax periods starting from 1 January 2018.

141184- TAX RATE.NEWLY CREATED NON-PROFIT ASSOCIATION

Income derived from the development of an economic activity by a newly created non-profit entity, as well as grants, subsidies and quotas of partners who use them to finance the economic activity, shall be subject to and not exempt from the Corporation Tax, and the entity may apply it in the first tax period in which the taxable base is positive and at the rate of 15% in the following periods.