This circular deals with the assessment of whether or not there is a profit motive on the part of an autonomous municipal company and replaces the integral circular 2020 / C / 139 of 12.11.2020. The published decision no. ET129.288 of 19.01.2016 already provides that the profit / loss position resulting from the global activity of the autonomous municipal company must be structural and independent of coincidental events on the income or expense side. The exceptional economic conditions resulting from the recent outbreak of COVID-19 (Coronavirus) are classified as such an accidental event
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