The challenged ruling concluded that, according to the applicable precept, it is a necessary requirement to increase the entity’s reserve accounts by the same amount that the taxable income was reduced. Therefore, the claimant’s argument that there is no legal requirement in this regard is not accepted. The Administration has not considered any other benefit… Continue reading Tax Advisor: Is it required to increase the global reserves of an entity to be able to apply the reduction of the taxable base of the Corporate Tax, as a depletion factor, in the case of mining regime?