11.2.2.2 Application of the limit of article 11.12 LIS to impairment losses of article 13.1 LIS and provisions and expenses (Articles 14.1 and 14.2 LIS)

In the case of cooperative societies, the seventh Additional Provision of Law 20/1990, of December 19, on the Fiscal Regime of Cooperatives, establishes that the limit referred to in article 11.12 of the LIS In the integration of the provisions included in said provision, it will refer to the full positive quota without taking into account its integration or the compensation of negative quotas.

With effect for tax periods beginning on or after January 1, 2016, the fifteenth Additional Provision of the LIS establishes that taxpayers whose net turnover is at least 20 million euros during the previous 12 months On the date on which the tax period begins, they will replace the limit established in article 11.12 of said rule, with the following:

• 50 percent, when in the aforementioned 12 months the net amount of the turnover is at least 20 million euros but less than 60 million euros.

• 25 percent, when in the aforementioned 12 months the net amount of the turnover is at least 60 million euros.

Likewise, with effects for the same period, the thirty-sixth transitional provision of the LIS establishes that for those taxpayers to whom the fifteenth Additional Provision of this rule is not applicable, the limit established in article 11.12 of the LIS will be 60 percent. hundred.

Therefore, the cooperative society must enter in code [00408] the amount that of the total amount of these provisions (which will have been entered in code [00210]), exceeds the limit provided for the full positive quota.

However, that amount entered in key [00408] that has not been deductible in the period subject to declaration due to application of the limit, but that in the following tax period is considered deductible, must be entered in key [01037 ].