7.3.3.8. Income from capital derived from subordinated debt securities or preferred shares

This section must include the positive and negative returns of movable capital produced by the holding of subordinated debt securities or preferred shares from the year 2018.

For those taxpayers who receive compensation for agreements entered into with the entities issuing subordinated debt or preferred shares, it is allowed to voluntarily compute, in the year in which the compensation is received, a single return in this section for the difference between the compensation received and the investment made, without having to reflect the intermediate steps of repurchase and subscription or exchange of securities.

If this special procedure is chosen, the difference between the compensation received and the investment initially made will be computed as return on capital. This compensation will be increased by the amounts that would have been previously obtained by transmitting the values received. In the event that these securities have not been transmitted or delivered as a result of the agreement with the issuers, the aforementioned compensation will increase in the valuation that was taken into account for the quantification of the compensation.