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V2435-15 ·31 July 2015 ·consulta-vinculante Medium impact
Tax

Distribution of share premium may be exempt if significant participation requirements are met

The query examines whether the distribution of a share premium allows for the exemption under Article 21.1 of the Corporate Income Tax Act (LIS). The Directorate General of Taxes (DGT) rules that such a distribution is treated as a capital reduction and, therefore, the income obtained may be exempt provided that the requirements for participation and holding are satisfied.

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2015-07-31PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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