Strictly speaking, are they not Corporate Reorganizations? The Negative / Neutral Equity Blocks and the RTF No. 10923-8-2011: Some considerations and proposals for change

• Autor: Tarazona Ospina, Gustavo Enrique
• Formato: artículo
• Fecha de Publicación: 2014
• Institución: Pontificia Universidad Católica del Perú
• Repositorio: Revistas - Pontificia Universidad Católica del Perú
• Lenguaje: español
• OAI Identifier: oai:revistaspuc:article/12557
• Enlace del recurso: http://revistas.pucp.edu.pe/index.php/derechoysociedad/article/view/12557
• Nivel de acceso: acceso abierto
• Materia: Impuesto a la Renta; Resolución del Tribunal Fiscal; Reorganizaciones societarias; Bloques patrimoniales negativos; Régimen de neutralidad en las reorganizaciones societarias; RTF No. 10923-8-2011; RTF No. 09146-5-2004; Income Tax; Tax Court Sentence; Spin off; Equity block; Tax neutral regime

In the last years, the Peruvian Tax Court has been considered that a corporate spin off where a company transfers a “neutral” or “negative” equity block does not qualifies as a real spin off, hence it should apply the tax rules as if this operation was a common sale. The author analyzes this criterion, and concludes that spin off where a company transfers a “neutral” or “negative” equity block, constitutes a real spin off. As a consequence, it must apply the special tax rules established for the corporate spin off.