News published in INFORMA 2022

New items published in the INFORMA programme during May

When the participating company has been inactive in one or more of the three fiscal years closed prior to the date of accrual of the Tax, the average of the results of the three fiscal years can be calculated, taking result of the fiscal year or fiscal years in which had been inactive.

On April 26, 2022, the TEAC issued Resolution 7287/2021 unifying criteria in the interpretation of the specific valuation rule for the onerous transfer of securities not admitted to trading in article 37.1.b) of the Personal Income Tax Law. It clarifies how to calculate the transfer value in the event that the investee company has been incorporated in the first or second fiscal year closed prior to the date of the transfer of the securities and there are no results for three fiscal years.

Order HAC /413/2022, of May 10 ( BOE of the 11th) approves the reduction of the net return indices applicable in 2021 for agricultural and livestock activities affected by various exceptional circumstances , which are located in certain geographical areas. Also due to the impact of the drought and the price of electricity the correction indices for feed purchased from third parties and for crops on irrigated lands are reduced.