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V0523-18 23 February 2018 · SG de Tributación de las Operaciones Financieras Criterion in force
OTRO · base imponible

Formula established for calculating the tax base of the Deposit Tax following new financial statements

A banking association requested guidance on determining the tax base for the Deposit Tax following the implementation of new financial statements that replaced the M.21 model. Based on a report from the Bank of Spain, the DGT has established a new calculation formula using the FI 100.4.E statement.

The question raised

Determination of the tax base for the Deposit Tax on Credit Institutions pursuant to the new financial statements.

The DGT's ruling

The tax base shall be obtained by applying the calculation formula provided by the Bank of Spain based on form FI 100.4.E (Additional information on certain balance sheet items. Breakdown of deposits by sector and product type). This formula consists of summing the amounts from residents and non-residents in public administrations, other financial corporations, non-financial corporations, and households, subtracting subordinated deposits and repurchase agreements according to the indicated sectors.

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