Skip to main content
Form 200. Corporate Income Tax Declaration 2018

4.2.33 Code 00508 financial expenses derived from debts with group entities (Art. 15 h) LIS)

In accordance with the provisions of article 15 h) of the LIS , financial expenses accrued in the tax period, derived from debts with group entities, will not be deductible according to the criteria established in the article. 42 of the Commercial Code, regardless of residence and the obligation to prepare consolidated annual accounts, intended for the acquisition, from other entities of the group, of participations in the capital or own funds of any type of entities, or to carry out contributions in the capital or own funds of other entities of the group, unless the taxpayer proves that there are valid economic reasons for carrying out said operations, such as cases of group restructuring, a direct consequence of an acquisition from third parties, or those cases in which authentic management of the investee entities acquired from Spanish territory occurs.

For these purposes, in the tax period in which the aforementioned financial expenses considered not tax deductible are recorded, an adjustment must be made to the accounting result in the increases key [00508].