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V0307-15 ·27 January 2015 ·consulta-vinculante Medium impact
Tax

Income from debt forgiveness and deferrals is recognised as the related financial expenses are recorded

The query concerns the timing of recognition for income from debt forgiveness and deferrals, the application of limits on offsetting negative tax bases, and VAT exemptions in mergers. The DGT clarifies that income from debt forgiveness and deferrals is recognised as the corresponding financial expenses are recorded, and analyses the economic validity of mergers for the application of special tax regimes.

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2015-01-27PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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