Payment on account on undistributed profits: Resolution NAC-DGERCGC26-00000026
The resolution regulates the payment on account on accumulated undistributed profits under article 39.2.1 of the Internal Tax Regime Law.
- It applies to companies that, at 31 July of each year, hold undistributed profits from prior years.
- It is paid in a single instalment in August (code 1077) or in three instalments between August and October (code 1078).
- We recommend assessing each company’s position before the first deadline.
TRIARIUS tax team. This newsletter is for information only and does not constitute advice on any specific case.
