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V4692-16 ·4 November 2016 ·consulta-vinculante Medium impact
Tax

Converting a SICAV into a limited company triggers the end of the tax period and a new tax regime

The taxpayer asks whether converting a SICAV into a limited company (SL) triggers Article 27.2 d) of the Corporate Income Tax Act (LIS). The Directorate General for Taxes (DGT) rules that it does, as the change in tax rate and legal regime necessitates closing the tax period and applying special rules for income from assets.

In 6 key points

How it affects those involved

Companies undergoing this transformation must prepare for the mandatory closure of their tax period and the application of specific tax rules regarding asset income.

Lifecycle

2016-11-04PublishedPublished 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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