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V0044-24 ·14 February 2024 ·consulta-vinculante Medium impact
Tax

Merger by absorption may qualify for tax neutrality if valid economic reasons exist

A business group has requested clarification on whether a merger by absorption can apply the tax neutrality regime and how it affects tax loss carryforwards and tax credits. The Directorate General for Taxes (DGT) indicates that the transaction may qualify for this regime if it is carried out for commercial purposes and its primary objective is not to obtain a tax advantage.

In 6 key points

How it affects those involved

This ruling provides legal certainty for corporate restructurings, confirming that tax neutrality is applicable provided the transaction is driven by genuine economic motives rather than tax avoidance.

Lifecycle

2024-02-14PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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This analysis is informational only and does not constitute legal advice or create a client-adviser relationship. BM Consulting.
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