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V0750-22 ·5 April 2022 ·consulta-vinculante Medium impact
Tax

Distribution of tax transparency reserves may lead to breach of capitalisation reserve requirements

A query was raised regarding whether tax transparency reserves are taken into account when maintaining the increase in equity required by the capitalisation reserve. The Directorate General for Taxes (DGT) indicates that the distribution of such reserves in 2020 reduces equity for the purposes of verifying compliance with this requirement.

In 6 key points

How it affects those involved

Companies distributing tax transparency reserves must ensure that the resulting reduction in equity does not cause them to fall below the minimum equity levels required by the capitalisation reserve rules.

Lifecycle

2022-04-05PublishedPublished 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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