4.2.26 Code 00368 public subsidies included in the results of the year, not integrable in the tax base (Article 14.8 LIS)

In the second paragraph of article 14.8 of the LIS it is established that subsidies granted by public administrations to mutual guarantee companies and income derived from said subsidies will not be included in the tax base, provided that both are allocated to the technical provisions fund. The provisions of this section shall also apply to reinsurance companies with regard to the activities that, in accordance with the provisions of article 11 of the Law on the Legal Regime of Mutual Guarantee Companies, must necessarily form part of their corporate purpose.

In application of the provisions of this precept, the taxpayer must make the following adjustments in the code [00368] "Public subsidies included in the result of the year, not integrable in the tax base (art. 14.8 LIS)" on page 12 of form 200, completing, where appropriate, the corresponding breakdown boxes:

• This code [00368] must include the amount of subsidies that have been granted by public administrations to mutual guarantee companies, as well as, where applicable, the amount of income derived from them, provided that both are allocated to the technical provisions fund.

• Likewise, the amount of subsidies granted by public administrations to reinsurance companies must be included in code [00368], as well as, where applicable, the amount of income derived from them, provided that both are allocated to the technical provisions fund and that they refer to the activities that, in accordance with the provisions of article 11 of Law 1/1994, of March 11, on the Legal Regime of Reciprocal Guarantee Societies, must necessarily be integrated into their corporate purpose.