4.2.5 Keys 01514 and 00272 adjustments for income derived from operations with reduction or waiting (Art. 11.13 LIS)

Article 11.13 of the LIS establishes that the income corresponding to the accounting record of reductions and delays resulting from the application of Law 22/2003, of July 9, Bankruptcy, will be imputed to the debtor's tax base as financial expenses derived from the same debt are subsequently recorded and up to the limit of said income.

In accordance with the provisions of this provision, in the event that the amount of income is greater than the total amount of financial expenses pending registration, derived from the same debt, the imputation of the latter in the tax base will be carried out proportionally to the financial expenses registered in each tax period, with respect to the total financial expenses pending registration derived from the same debt.

In this way, the recorded income, provided that there is no financial expense, will generate the corresponding negative tax adjustment, which must be declared for said amount in box [00272] of decreases.

Subsequently, as the corresponding financial expenses occur, these amounts will be considered tax income, and these amounts must be declared in box [01514] for increases, with the corresponding positive tax adjustment.