10.2.10 Compensation for conversion of deferred tax assets into credit payable to the Tax Administration

These keys must be completed in the event that the taxpayer exercises, in the terms provided for in article 130 of the LIS , the right to conversion into a credit payable before the Tax Administration of the amount of the deferred tax assets corresponding to the non-deductible expenses of article 11.12 of said rule, and opt for the compensation of said credits.

In this sense, article 130.4 of the LIS establishes that the conversion of deferred tax assets into a credit enforceable against the Tax Administration referred to in section 1 of this article will determine that the taxpayer may choose to request their payment to the Tax Administration or to offset said credits with other debts of a state tax nature that the taxpayer himself generates from the moment of the conversion. The procedure and deadline for compensation or payment will be established in a regulatory manner.

Therefore, in the key [01021] the taxpayer must enter the amount of the credit payable to the Tax Administration for which compensation is requested, in the terms provided by article 130 of the LIS.

For these purposes, the procedure for compensation of claims payable to the Public Treasury is developed in article 69 of RIS .

In the event that the taxpayer pays taxes to one or more Provincial Councils of the Autonomous Community of the Basque Country and/or Navarrese Provincial Community, they must enter the amount in code [01044]. The completion of this key will be done from page 26 of form 200 (which will be accessed directly by pressing the completion button).

The total of the amounts entered in the codes [01021] and [01044] will be recorded in the code [00506]. In the event that the taxpayer pays taxes exclusively to the State Administration, the amount of the code [01021] will coincide with that of the code [00506].