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Form 200. Corporate Income Tax Declaration 2018

4.2.18 Codes 00331 and 00332 losses due to impairment of tangible assets, real estate investments and intangible assets, including goodwill (Art. 13.2 a) and DT 15 LIS)

Letter a) of article 13.2 of the LIS establishes that for tax periods beginning on or after January 1, 2015, losses due to impairment of tangible assets, real estate investments and intangible assets , including goodwill, are not tax deductible.

In application of the provisions of this precept, the following adjustments will have to be made in the keys [00331] and [00332] "Losses due to impairment of tangible assets, real estate investments and intangible assets, including goodwill (art. 13.2 a) and DT 15 LIS)» on page 12 of model 200:

  • In the key [00331] of increases, the taxpayer must include the amount of the losses due to deterioration of the values representing the participation in the capital or in the own funds recorded in the tax period being declared, which are not tax deductible according to the provisions of article 13.2.a) of the LIS.

  • On the other hand, when in a tax period subsequent to the accounting of the aforementioned impairment losses that gave rise to a positive adjustment to the accounting result (key [00331]) because it is not tax deductible, the value of the impairment is recovered, the taxpayer You must include in the key [00332] the amount corresponding to said reversal.

In relation to the provisions of letter a) of article 13.2 of the LIS, the fifteenth transitional provision of said standard establishes a transitional regime according to which the reversal of losses due to deterioration of tangible assets, real estate investments and intangible assets that would have resulted fiscally deductible in tax periods beginning before January 1, 2015, will be integrated into the corporate income tax base of the tax period in which the recovery of its value occurs in the accounting field. In this case, said integration will be included in the increases key [00331].