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V2067-14 ·30 July 2014 ·consulta-vinculante Medium impact
Tax

Savings banks excluded from a tax group must implement the reversal of value adjustments

A query was raised regarding whether, following an 'accordion operation' in 2012, savings banks that cease to be part of a tax consolidation group must apply the reversal of value adjustments. The Directorate General for Taxes (DGT) ruled that this provision is indeed applicable to this atypical tax consolidation group.

In 6 key points

How it affects those involved

This ruling clarifies the tax obligations for savings banks undergoing structural changes, specifically regarding the treatment of value adjustments when exiting a tax group.

Lifecycle

2014-07-30PublishedPublished 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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