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V1833-17 11 July 2017 · SG de Impuestos sobre las Personas Jurídicas Criterion in force
IS · fusión por absorción

Possibility of eligibility for the special Corporate Income Tax regime in mergers by absorption under commercial and economic conditions

The applicant asks whether a merger involving the 100% absorption of a company (an improper merger) can qualify for the special Corporate Tax regime. The Directorate General of Taxes (DGT) rules that if the transaction meets all commercial and tax requirements and is driven by valid economic reasons rather than tax avoidance, the special regime may apply.

The question raised

Question posed: Whether the improper merger operation described, whereby the consulting entity would absorb company C, would fall within the definition of merger established in Article 76.1 of the Corporate Income Tax Law and therefore whether the operation could benefit from the special regime of Chapter VII of Title VII.

The DGT's ruling

Para aplicar el régimen especial de fusiones, la operación debe cumplir el artículo 76.1 de la LIS y realizarse bajo la Ley de modificaciones estructurales. No se aplicará el régimen si el objetivo principal es el fraude o la evasión fiscal o si carece de motivos económicos válidos, como la reestructuración de actividades. La existencia de bases imponibles negativas en la absorbida no impide el régimen si la operación se realiza entre sociedades operativas con fines económicos. En este caso, al participar la absorbente en el 100% de la absorbida, no se integrará renta por la anulación de la participación.

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