Skip to main content
Form 200. Corporate Income Tax Declaration 2018

2.14.1.3 Impairment adjustments and changes in fair value

The following data must be entered whenever the shares are held in which more than 5 percent of the capital (or 1 percent if the securities are listed on an organized market) has been held throughout the year and whose nominal value exceeds 100,000 euros, including in said calculation the shares transferred during the year:

  1. Value correction included in profit and loss for the year.

    The amount of the variation or correction in the value of the shares that, in the accounting field, has been applied in the Profit and Loss Account must be included with its corresponding sign:

    • In case of decrease in value or deterioration in value, with a negative sign (-).
    • In case of reversal of impairment, with a positive sign (+).
    • In case of increase in value, with a positive sign (+).

    In the event of disposal of the participation, the amount corresponding to the application of accumulated impairments, with a (+) sign, or the amount corresponding to the application of accumulated positive corrections, with a negative (-) sign.

  2. Reversal of losses due to impairment of securities ( DT 16 LIS ).

    The amount of the tax correction that is applicable according to the provisions of the sixteenth transitional provision of the LIS and that is derived from the correction referred to in letter a) above will be included. Therefore, the amount to be recorded will be that of the tax correction on the accounting impairment, that is, the difference between the reversal of the accounting impairment and the reversal of the tax impairment in application of the sixteenth transitional provision of the LIS. If this tax correction is an increase, its amount will have a positive sign (+), and if it is a decrease, a negative sign (-).

  3. Elimination of accounting impairment included in P&L (article 13.2 b) LIS).

    The amount of the tax correction corresponding to the elimination, in accordance with the terms established in article 13.2.b) of the LIS, of the losses due to impairment of the securities representing participation in the capital or equity of entities that, in the accounting field, have been applied in the Profit and Loss Account, must be included with a positive sign (+).

  4. Elimination of impairment of repr. values. of participation in the capital or equity (art. 15 k) LIS)

    The amount of the tax correction corresponding to the elimination, in accordance with the terms established in article 15.k) of the LIS, of the losses due to impairment of the securities representing participation in the capital or equity of entities that, in the accounting field, have been applied in the Profit and Loss Account, must be included with a positive sign (+).

  5. Adjustment for the decrease in value caused by the fair value criterion (art. 15 l) LIS)

    The amount of the tax correction corresponding to the decreases in value caused by the application of the fair value criterion corresponding to securities representing the participations in the capital or equity of entities referred to in article 15 l) of the LIS that, in the accounting field, have been applied in the Profit and Loss Account must be included with a positive sign (+).

  6. Effect of the valuation correction in the BI of the exercise (= a + b + c + d + e).

    The amount relating to the effect that the corrections included in letters a), b), c), d) and e) above produce in the taxable base (BI) of the Corporate Tax for the corresponding year will be included with the resulting sign. This amount will be obtained from the algebraic sum of the amounts stated in letters a), b), c), d) and e) referred to.

  7. Balance of tax corrections (art. 12.3 RDLeg . 4/2004) pending at the end of the financial year.

    The balance of the tax corrections to the impairments and decreases in accounting value that are pending incorporation into the tax base must be included. If it concerns future increases, it will be recorded with a positive sign (+), and if it concerns future decreases, with a negative sign (-).

Finally, in the "Total" column (keys [01504], [01505], [01506], [01507] and [01508]), the sum of the amounts collected in each of the rows corresponding to letters a), b), c), d) and e) will be recorded. In the event that due to the length of the data declared (i.e., more than three participating entities are listed), more than one page must be completed, these keys will only be shown on the last page completed for this purpose.