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V1067-21 ·23 April 2021 ·consulta-vinculante Medium impact
Tax

Debt forgiveness between subsidiary companies does not generate income for the beneficiary if it is a contribution from the parent company

A query was raised regarding whether the forgiveness of debt between companies within the same group generates taxable income. The DGT explains that, for accounting purposes, this is treated as a distribution of reserves from the subsidiary to the parent, followed by a subsequent contribution from the parent to the beneficiary.

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2021-04-23PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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