Abstract
The current economic situation has led to increased losses cooperatives. The account and
tax treatment of such losses has special mechanisms in cooperatives in some European
countries as in the Spanish case. Also other legal forms include the ability to convert these
losses in the field of income tax in tax credits that allow decrease future taxation of these
entities.
Therefore in this work through the comparative analysis of the European Cooperative
regulation, differences in accounting loss relief are evaluated, taking into account the use
for this purpose can be given to the Mandatory Reserve Fund (NRF) to treat losses. Also,
studies in European legislation, fiscal loss compensation mechanisms to determine the
income tax.
Keywords: Cooperatives losses; Mandatory Reserve Fund; Tax credit;
