The tax reform that is currently being processed and will almost certainly come into effect on 01/01/2015 brings a very important innovation for corporate tax. This tax reform creates a new tax-deductible provision , which will allow us to defer the tax rate over time, not a direct tax saving.
This capitalization reserve will allow companies russia mobile number whatsapp to reduce their tax base by 10% of the amount of the increase in their equity, provided that the following is met:
The increase in equity is maintained for a minimum of 5 years
A reserve is set aside for the amount of the reduction, duly separated in the accounting records and which is unavailable.
Capitalization reserve: these are the new tax developments to keep in mind . Tweet it!
Features of the capitalization reserve
This reduction in the tax base is limited to 10% of the positive tax base prior to the reduction , the integration of adjustments for assets and the offsetting of negative tax bases. In the event that we have insufficient tax base, we may apply this reserve during the following two years with the same limits as the year in which it was not applied.
The key to this capitalisation reserve is that the increase in equity must necessarily originate from undistributed profits for the financial year . In other words, it is not valid to apply the reserve to corporate operations that affect equity.
Restrictions on the capitalization reserve
Since the reserve has been set as unavailable, in the event that we have a corporate liquidation, a distribution of dividends that acts on this part or any other operation of decapitalization of the company that implies the availability of the reserve, we are obliged to reverse the taxable base that we did not pay taxes on at the time.
We will also have to adjust the different reserves each year to identify when these reserves are no longer unavailable, and it remains to be clarified at a regulatory level how and when these reserves are released without having to reverse the taxation we have saved.