4.2.22 Codes 00327 and 00328 loss due to impairment of debt securities (Art. 13.2.c) and DT 15ª LIS)

As established in point (c) of paragraph 2 of Article 13 of the LISLosses due to impairment of debt securities will not be tax-deductible.

Therefore, the taxpayer must include in the [00327] key for increases the amount corresponding to the impairment losses of the debt securities recorded in the tax period subject to declaration, which are not tax deductible according to the provisions of letter c) of article 13. 2 of the LIS.

However, when in a tax period subsequent to the accounting of the aforementioned impairment losses that caused a positive adjustment to the accounting result (code [00327]) because it is not tax deductible, the recovery of the impairment value occurs, the taxpayer must include in code [00328] the amount corresponding to said reversal.

In relation to the provisions of letter b) of article 13.2 of the LIS, the fifteenth transitional provision of said rule, establishes a transitional regime according to which the reversal of losses due to impairment of debt securities that would have been tax-deductible in tax periods beginning before January 1, 2015, will be integrated into the taxable base of the Corporate Income Tax of the tax period in which the recovery of their value occurs in the accounting field.

For these purposes, this integration will be included in key [00327] for increases.