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Form 200. Corporate Income Tax Declaration 2018

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

According to the provisions of letter c) of section 2 of article 13 of the LIS , losses due to impairment of debt securities will not be tax deductible.

Therefore, the taxpayer must include in the increase key [00327] the amount corresponding to the losses due to impairment of debt securities recorded in the tax period being declared, which are not tax deductible according to the provisions of the 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 (key [00327]) because it is not tax deductible, the value of the impairment is recovered, the taxpayer You must include in the key [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 securities representing debt that would have been tax deductible in tax periods started prior to 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.

For these purposes, said integration will be included in the increases key [00327].