Skip to main content
Form 200. Corporate Income Tax Declaration 2019

4.1.2 Codes 00301 and 00302 corrections for Corporate Tax (Article 15.b) LIS

The need to apply this correction is imposed by the different consideration that Corporate Tax rates have for commercial and tax regulations. Thus, the accounting standard considers that the amount of the Corporate Tax payment will be computed in the profit and loss account as an expense or income item, depending on whether the account or set of accounts representing said concept has a debit or credit balance. , respectively.

On the other hand, article 15 b) of the LIS establishes that those expenses and income derived from the accounting of Corporate Tax will not be considered tax deductible.

Regarding the completion of form 200, it must be taken into account that:

  • In the key [00326] on page 8 "Profit and loss account" of said model it refers to "Taxes on profits", so in addition to the Corporate Tax, taxes on profits obtained abroad may be included in it. , such as those that tax income obtained abroad through a permanent establishment, those that tax income obtained abroad without a permanent establishment, or taxes that particularly levy dividends or participations in profits of foreign companies.

  • The amount entered in the code [00328] "Profit for the year from discontinued operations net of taxes" will correspond to a portion of the Corporate Tax quota not included in the aforementioned code [00326].

Therefore:

From the amount entered in box [00326] and considering the sign (positive or negative) that is attributable to it, the taxes on profits obtained abroad must be subtracted algebraically (with its sign), and simultaneously, also from that amount (with its sign) the part of the Corporate Tax (with its sign) that corresponds to the result of the year from discontinued operations net of taxes must be added algebraically.

If after carrying out the aforementioned algebraic subtraction and addition operations on the aforementioned amount of the key [00326], the resulting amount is:

  • Positive, the amount of Corporate Tax that this resulting amount represents will have been considered as additional income as it is a credit in favor of the taxpayer and therefore, in this case in the key [00302] on page 12 of the settlement of the model, Such amount must be included as a decrease in the profit and loss account.

  • Negative, the amount of Corporate Tax that it represents will have been considered an accounting expense and, therefore, in this case in the code [00301] on page 12 of the settlement of the model , such amount must be included as an increase in the result of the profit and loss account.

In any case, the aforementioned algebraic operations on the amount in box [00326] will only be carried out for the purposes of carrying out the corrections referred to in codes [00301] and [00302].

In any case, in the case of entities required to keep their accounting in accordance with the standards of the Bank of Spain, the references to key [00326] contained in this section must be understood as being made to key [00258] on page 30 of the model 200. Likewise, in the case of insurance entities to which the Accounting Plan approved by RD 1317/2008 is mandatory, references to the key [00326] must be understood to be made to the key [ 00379] on page 40 of model 200 and in the case of collective investment institutions, with the application of Circular 3/2008, of September 11, of the National Securities Market Commission, as well as in the case of other entities that apply the account model established in that Circular, said references to code [00326] must be understood as made to code [00242] on page 46 of model 200 and in the case of mutual guarantee companies to code [00193] on page 51 of model 200.