On 9 September 2026, the Directorate General of Taxation issued a dedicated guide for the closure of foundations and civil associations (Fundaciones y Asociaciones). This procedural document addresses the dissolution and liquidation requirements for nonprofit entities registered under Laws 16.170 and 19.838, ensuring compliance with tax exemption regimes and asset distribution rules. The guide clarifies the interaction between civil law dissolution procedures and tax authority notifications.
Key Takeaways
- Asset Distribution Restrictions: Upon liquidation, remaining assets must be transferred to similar nonprofit entities or public institutions, as per statutory restrictions preventing private benefit distribution.
- Tax Exemption Revocation Process: The guide details the procedure for formal revocation of tax exemption status (exoneración de IRAE/IMPUESTO AL PATRIMONIO) and the filing of final tax returns for the period up to dissolution.
- Public Registry Coordination: Entities must present certification from the Ministry of Education and Culture (for foundations) or the Ministry of Interior (for associations) confirming the cancellation of legal personality.
Disclaimer: This article is compiled and summarized by the AI based on publicly available information and is for general information purposes only. It does not constitute any form of formal tax advice, legal opinion, or basis for performance. Please consult a qualified professional tax advisor or legal counsel for tax advice.
Source: Read Official Announcement