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A credit institution has enquired whether the issuance or redemption of AT1 (Additional Tier 1) instruments to absorb losses generates income for Corporate Tax purposes. The DGT has responded that, in the absence of specific regulations, accounting criteria apply, which determine that these transactions are variations in equity with no impact on the profit and loss account.
Cuestión planteada 1. Si, debido a la ausencia de especialidad alguna en la normativa del Impuesto sobre Sociedades, no se genera renta tributable en el Impuesto sobre Sociedades de la entidad en el momento de la emisión y/o en el de la eventual amortización del principal de la emisión para absorber pérdidas.
Al no existir regulación específica en el Impuesto sobre Sociedades, se aplica el criterio contable según el artículo 10.3 de la LIS. La emisión y la eventual amortización del principal de estos instrumentos para absorber pérdidas se registran directamente contra el patrimonio neto. Por tanto, no constituyen ingresos ni gastos, sino variaciones patrimoniales sin efectos en la base imponible del impuesto.
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