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V1815-21 ·9 June 2021 ·consulta-vinculante Medium impact
Tax

Acquisition of treasury shares reduces equity and limits the allocation to the Canary Islands Investment Reserve

The applicant asks whether purchasing their own shares in 2018 affects the limit for allocating 2017 profits to the Canary Islands Investment Reserve (RIC). The Directorate-General for Tax (DGT) rules that the acquisition of treasury shares reduces equity for accounting purposes and must therefore be taken into account when calculating the reserve.

In 6 key points

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2021-06-09PublishedPublished 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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