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V1369-15 ·29 April 2015 ·consulta-vinculante Medium impact
Tax

Acquiring entity in a merger assumes Canary Islands investment reserve and its obligations

A query was raised regarding the Corporate Tax implications of the provisions and materialisations of the Canary Islands Investment Reserve (RIC) during a merger. The DGT indicates that, provided the merger has valid economic reasons, the acquiring entity subrogates into the rights and obligations, and must maintain both the reserve and the assets in operation.

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2015-04-29PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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