If they receive profit distributions from the cooperative, these amounts are treated as dividends, so they are subject to withholding and taxed as income from movable capital.
Both joining and leaving the cooperative are voluntary acts. All members are obliged to make contributions to support the cooperative , thus forming a common patrimony that cannot be distributed, but is intended to finance the activity itself.
The Cooperative Society must be phone number in australia established in a public deed, through which it acquires legal personality , and be registered in the Registry of Cooperative Societies.
Its minimum share capital will be that agreed in the Statutes and must be fully paid up from the time of its incorporation. The content of the Social Statutes will comply with the provisions of the Law on Cooperatives.
The entity must obtain a NIF and submit the corresponding taxes (VAT, withholdings, etc.). Like the rest of the entities, it is subject to corporate tax.
Worker cooperatives are considered specially protected entities , so they enjoy a more beneficial tax regime than the rest.
In corporate tax they pay 20% and can enjoy a 50% bonus on the total amount previously reduced, where applicable, by the negative amounts from previous years pending compensation.