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Form 200. Corporate Income Tax Declaration 2018

4.2.17 Codes 00415 and 00211 losses due to impairment of Art. 13.1 LIS and provisions and expenses (Arts. 14.1 and 14.2 LIS) referred to in Art. 11.12 LIS and DT 33ª.1 LIS

Article 11.12 of the LIS regulates a limitation on the integration into the tax base of a series of expenses that were not deductible in the tax period in which they were accounted for by application of the criteria of imputation established by the Corporate Tax regulations, and that for that reason, generated deferred tax assets that could be converted into a claim payable before the Tax Administration.

For these purposes, article 11.12 of the LIS establishes that provisions for impairment of credits or other assets derived from possible insolvencies of debtors not linked to the taxpayer, not owed by public law entities and whose deductibility does not occur due to application of the provisions of article 13.1.a) of this Law, as well as those derived from the application of sections 1 and 2 of article 14 of this Law, corresponding to endowments or contributions to social security systems and, where appropriate , pre-retirement, that have generated deferred tax assets, to which the right established in article 130 of this Law applies, will be integrated into the tax base in accordance with the provisions of the Corporate Tax regulations, with the limit of 70 percent of the positive tax base prior to its integration, to the application of the capitalization reserve established in article 25 of this Law and to the compensation of negative tax bases.

In application of the provisions of article 11.12 of the LIS, a series of adjustments will have to be made that will be included in codes [00415] and [00211] «Losses due to deterioration of art. 13.1 LIS and provisions and expenses (arts. 14.1 and 14.2 LIS) referred to in art. 11.12 and DT 33.1 LIS» on page 12 of model 200:

  • In the increase key [00415] you must enter the amount of the provisions referred to in article 11.12 of the LIS that are considered accounting expenses in the tax period being declared, but that are not tax deductible according to the provided for in articles 13.1.a), 14.1 and 14.2 of the LIS.

  • When the circumstances included in articles 13.1.a), 14.1 and 14.2 of the LIS occur in subsequent tax periods for these expenses to be tax deductible, a negative adjustment must be made in the code [00211].

These keys must record the provisions referred to in article 11.12 of the LIS, but without taking into account the integration limit in the tax base of these expenses established in said