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V2369-23 ·4 September 2023 ·consulta-vinculante Medium impact
Tax

Contributions to commercial companies not subject to Law 49/2002 do not count as income for general interest purposes

A foundation has inquired whether contributions made to US commercial companies of which it is the owner can be considered destined for its general interest purposes to meet the 70% income requirement. The Directorate General for Taxes (DGT) responds that, as these are commercial companies not subject to Law 49/2002, such contributions do not meet the criteria to be considered income intended for the achievement of the foundation's purposes.

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2023-09-04PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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