Polytechnic University of Valencia Congress, 1st International Conference on Business Management

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Tax credit in European Cooperatives. A second opportunity?
Maria del Mar Marin-Sánchez

Last modified: 23-12-2015


The current economic situation has led to increased losses cooperatives. The account and tax treatment of such losses has special mechanisms in cooperatives in some European countries as in the Spanish case. Also other legal forms include the ability to convert these losses in the field of income tax in tax credits that allow decrease  future taxation of these entities.

Therefore in this work through the comparative analysis of the European Cooperative regulation, differences in accounting loss relief are evaluated, taking into account the use for this purpose can be given to the Mandatory Reserve Fund (NRF) to treat losses. Also, studies in European legislation, fiscal loss compensation mechanisms to determine the income tax.

DOI: http://dx.doi.org/10.4995/ICBM.2015.1360


Cooperatives losses; Mandatory Reserve Fund; Tax credit

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