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Form 200. Corporate Income Tax Declaration 2018

2.14.1.3 Valuation corrections for impairment and changes in fair value

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

  1. Value correction included in profits and losses for the year.

    The amount of the variation or correction in the value of the shares that, in the accounting field, has been applicable 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 the deterioration, with a positive sign (+).
    • In case of value increase, 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 in accordance with 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 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 the accounting impairment included in P and G (article 13.2 b) LIS).

    The amount of the tax correction corresponding to the elimination, in the terms established in article 13.2.b) of the LIS, of the losses due to impairment of the values representing the participation in the capital or in the own funds of entities that, in the accounting field, have been applicable in the Profit and Loss Account.

  4. Elimination of impairment of repr values. of private in the capital or own funds (art. 15 k) LIS)

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

  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 application of the fair value criterion corresponding to values representative of the participations in the capital or in the own funds of the entities to which it refers must be included with a positive sign (+). article 15 l) of the LIS that, in the accounting field, have been applicable to the Profit and Loss Account.

  6. Effect of the valuation correction on 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 on the tax 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 year.

    The balance of tax corrections for impairments and decreases in book value that are pending incorporation into the tax base must be included. If these are future increases, they will be recorded with a positive sign (+), and if they are 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 the letters will be recorded. a), b), c), d) and e). In the event that, due to the extension of the data declared (that is, more than three participating entities are related), more than one page must be completed, these keys will be shown only on the last page completed for this purpose.