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V0212-14 ·29 January 2014 ·consulta-vinculante Medium impact
Tax

Tax treatment of debt forgiveness between related companies based on shareholder participation

A query was raised regarding whether the accounting treatment of debt forgiveness between companies within the same group is valid for Corporate Income Tax. The DGT determines that the portion of the forgiveness proportional to the shareholder's stake does not generate income or expenses, whereas any amount exceeding that stake does affect the taxable base.

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2014-01-29PublishedPublished 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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