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Form 200. Corporate Income Tax Declaration 2018

8.4.1.1 General considerations

These fields, which will be automatically filled in by the form after the declarant has completed the corresponding breakdown screens, are intended to reflect the following deductions:

  • Deduction for reinvestment of extraordinary profits referred to in transitional provision 24.7 of the LIS and articles 42 of the RDLeg . 4/2004 and 36 ter of Law 43/95 (page 16 of the model).

  • Deductions referred to in transitional provision 24.1 of the LIS (page 16 bis of form 200).

  • Deductions for investments in the Canary Islands made under the terms of Law 20/1991 and article 27 bis of Law 19/1994 (page 16 bis of form 200).

  • Deductions to encourage certain activities regulated in Chapter IV of Title VI of the LIS, and in DT 24.3 of said regulation (page 17 and 18 of form 200).

  • Deduction for donations, gifts and other deductible contributions to non-profit entities provided for in article 20 of Law 49/2002, of December 23, on the tax regime of non-profit entities and tax incentives for patronage (page 18 bis of form 200). However, it should be noted that the deduction for donations to non-profit entities is not limited by the amount of the full tax (the deduction base is affected by a limit of 10 percent of the taxable base for the period).

Requirements for the enjoyment of deductions to encourage the performance of certain activities

In order to apply the various deductions to encourage the performance of certain activities regulated in Chapter IV of Title VI of the Corporate Income Tax Act, the assets affected by the deductions must remain in operation for five years, or three years, if they are movable assets, or for their useful life if this is less.

The same investment may not give rise to the application of more than one deduction in the same entity, unless expressly provided, nor may it give rise to the application of a deduction in more than one entity.