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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 THE VALUE OF HERITAGE ELEMENTS. ALLOCATION TO RESERVES

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

141162- TAXABLE BASE. ALLOCATION TO RESERVES. PERIODS OF INTEGRATION IN THE TAX BASE

Charges and credits to reserve accounts, which are considered expenses or income, respectively, insofar as they have tax effects, will be integrated in equal parts into the tax base corresponding to each of the first three tax periods beginning on or after 1 January 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, but not exempt from, Corporate Tax, and the entity may apply a rate of 15 percent in the first tax period in which the tax base is positive and in the following one.