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Form 200. Corporate Income Tax Declaration 2018

11.2.2.1 Losses due to deterioration of art. 13.1 LIS and provisions and expenses (art. 14.1 and 14.2 LIS) referred to in art. 11.12 LIS (converted into quota)

According to the provisions of the seventh Additional Provision of Law 20/1990, of December 19, on the Fiscal Regime of Cooperatives, the provisions for impairment of credits and other assets and certain provisions referred to in article 11.12 of the LIS , which have generated deferred tax assets, will be integrated into the full positive quota, depending on the corresponding type of tax, with the limit of said quota without taking into account its integration or the compensation of negative quotas.

For these purposes, the cooperative society must record in these keys the corresponding adjustments in application of the imputation criteria established in article 11.12 of the LIS with respect to provisions for impairment of credits or other assets derived from possible insolvencies of debtors not linked to the taxpayer, not owed by public law entities and whose deductibility does not occur by application of the provisions of article 13.1.a) of this Law, as well as those derived from the application of sections 1 and 2 of article 14 of this Law, corresponding to endowments or contributions to social security systems and, where applicable, early retirement, that have generated deferred tax assets, and to which the right established in article 130 of this Law applies.

Therefore, they must enter at the quota level in the increase key [00210], the amount corresponding to those losses due to impairment, provision or contribution made by the taxpayer that are considered an accounting expense in the period being declared, but which are not tax deductible as established in articles 13.1 and 14.1 and 14.2 of the LIS.

However, when in a tax period subsequent to that of its accounting as an accounting expense:

  • If the circumstances established in articles 13.1 and 14.1 and 14.2 of the LIS occur and said accounting expense becomes tax deductible, the taxpayer must make a negative adjustment at the quota level in the reductions key [00480].

  • If the reversal of the deterioration or the accounting recovery of the expense occurs, the taxpayer must make a negative adjustment at the quota level in code [00480] to eliminate the accounting income recorded on that day.