## [Tax Commentary 2-2013](/en_GB/new/tax-commentary-2-2013) # Tax Commentary 2-2013 12 / 09 / 2013 - - [](https://www.linkedin.com/sharing/share-offsite/?url=https://www.garrigues.com/en_GB/new/tax-commentary-2-2013) - []() - []() [Download Tax Commentary 2-2013 ![Download](/sites/default/files/inline-images/flecha-abajo.png)](/sites/default/files/noticias/files/Tax-Commentary-2-2013_1.pdf) Previous Next Urgent memorandum on the new measures relating to deferred tax assets contained in Royal Decree-Law 14/2013 **1. Introduction** Within the set of measures adopted by Royal-Decree-law 14/2013, one of the most-awaited issues was the regulation of deferred tax assets (“DTA”). Those measures are contained in Final Provision 2 of the Royal Decree-law amending the Revised Corporate Income Tax Law (“TRIS”), which are the subject-matter of this memorandum. Basically, the new legislation approved states that certain temporary differences deriving from bad debts and pensions will receive a special treatment as regards their inclusion in the tax base, with retroactive effects for tax periods commencing on or after January 1, 2011. Moreover, for tax periods commencing on or after January 1, 2014, the timing differences which, after taking into account the aforementioned rules, cannot be used in certain circumstances (either because the taxpayer incurs accounting losses or because it is liquidated or has an insolvency order against it) can be “converted” into current credits against the tax authorities (which can be cash-settled or offset against other current tax debts, at the taxpayer’s option). Lastly, the provision establishes that after certain periods have elapsed without being able to use those tax assets, they can be exchanged for public debt securities. **2. Tax measures** - 2.1 Measures taking effect for fiscal years commencing on or after January 1, 2011: special timing for Corporate Income Tax deduction regarding certain adjustments - 2.2 Conversion of certain DTAs into credits against the tax authorities ### Contacts ![Eduardo Abad Valdenebro - Garrigues](/sites/default/files/styles/medium/public/team/photo/Eduardo_Abad_Valdenebro_en_20260611.jpg?itok=XJmuqiG8) [Eduardo Abad](/en_GB/team/eduardo-abad-valdenebro) ![](/themes/custom/garriguestheme/img/iconos/email-contacto.svg)[Contact]() - +34 91 514 52 00 [Madrid](https://www.garrigues.com/en_GB/office/madrid) ![Foto del socio](/sites/default/files/styles/medium/public/team/photo/abigail_blanco_vazquez_en_20230601.jpg?itok=CLrUmt_-) [Abigail Blanco](/en_GB/team/abigail-blanco-vazquez) ![](/themes/custom/garriguestheme/img/iconos/email-contacto.svg)[Contact]() - +34 91 514 52 00 [Madrid](https://www.garrigues.com/en_GB/office/madrid) [Find more professionals](../team) ### Related services - [Tax ](/en_GB/services/tax) - ## Find a publication - [Administrative and Constitutional Law](/en_GB/markdownify/node/4835?f%5B0%5D=service%3A1422) - [Agribusiness and Food](/en_GB/markdownify/node/4835?f%5B0%5D=service%3A1417) - [Automotive](/en_GB/markdownify/node/4835?f%5B0%5D=service%3A1419) - [Banking and Finance](/en_GB/markdownify/node/4835?f%5B0%5D=service%3A1443) - [Corporate and M&A](/en_GB/markdownify/node/4835?f%5B0%5D=service%3A1441) - [Corporate Governance and Sustainable Development](/en_GB/markdownify/node/4835?f%5B0%5D=service%3A12823) - [Criminal Law and Internal Investigations](/en_GB/markdownify/node/4835?f%5B0%5D=service%3A1434) - [Data Economy, Privacy and Cybersecurity](/en_GB/markdownify/node/4835?f%5B0%5D=service%3A10913) - [Dispute Resolution: Litigation and Arbitration](/en_GB/markdownify/node/4835?f%5B0%5D=service%3A1412) - [Energy](/en_GB/markdownify/node/4835?f%5B0%5D=service%3A10916) - [EU and Antitrust Law](/en_GB/markdownify/node/4835?f%5B0%5D=service%3A1416) - [Family Business](/en_GB/markdownify/node/4835?f%5B0%5D=service%3A1413) - [Fashion Law](/en_GB/markdownify/node/4835?f%5B0%5D=service%3A1435) - [Financial Regulation](/en_GB/markdownify/node/4835?f%5B0%5D=service%3A10915) - [G-advisory](/en_GB/markdownify/node/4835?f%5B0%5D=service%3A12821) - [Human Capital Services](/en_GB/markdownify/node/4835?f%5B0%5D=service%3A1431) - [Infrastructure](/en_GB/markdownify/node/4835?f%5B0%5D=service%3A10914) - [Insurance](/en_GB/markdownify/node/4835?f%5B0%5D=service%3A1438) - [Intellectual Property](/en_GB/markdownify/node/4835?f%5B0%5D=service%3A1421) - [Labor and Employment](/en_GB/markdownify/node/4835?f%5B0%5D=service%3A1424) - [Life Sciences and Healthcare](/en_GB/markdownify/node/4835?f%5B0%5D=service%3A1429) - [Media and Entertainment](/en_GB/markdownify/node/4835?f%5B0%5D=service%3A1433) - [Planning, Zoning and Environment](/en_GB/markdownify/node/4835?f%5B0%5D=service%3A1444) - [Private Equity](/en_GB/markdownify/node/4835?f%5B0%5D=service%3A1439) - [Real Estate](/en_GB/markdownify/node/4835?f%5B0%5D=service%3A10927) - [Restructuring and Insolvency](/en_GB/markdownify/node/4835?f%5B0%5D=service%3A1420) - [Securities Markets](/en_GB/markdownify/node/4835?f%5B0%5D=service%3A1442) - [Sports](/en_GB/markdownify/node/4835?f%5B0%5D=service%3A1430) - [Startups & Open innovation](/en_GB/markdownify/node/4835?f%5B0%5D=service%3A1426) - [Sustainability](/en_GB/markdownify/node/4835?f%5B0%5D=service%3A10921) - [Tax](/en_GB/markdownify/node/4835?f%5B0%5D=service%3A1425) - [Technology, Communications and Digital](/en_GB/markdownify/node/4835?f%5B0%5D=service%3A1436) - [Tourism and Hotels](/en_GB/markdownify/node/4835?f%5B0%5D=service%3A1432) - [Transport, Logistics and Shipping](/en_GB/markdownify/node/4835?f%5B0%5D=service%3A1428) Facet Services detail - [Publications](/en_GB/markdownify/node/4835?f%5B0%5D=publication_type%3A794) - [Newsletters](/en_GB/markdownify/node/4835?f%5B0%5D=publication_type%3A107) - [Garrigues collection](/en_GB/markdownify/node/4835?f%5B0%5D=publication_type%3A101) - [Laws: amendments at a glance](/en_GB/markdownify/node/4835?f%5B0%5D=publication_type%3A104) - [News](/en_GB/markdownify/node/4835?f%5B0%5D=publication_type%3A105) Facet Publication type detail Min Max ## News search engine