Skip to main content
Practical Manual of Companies 2020.

Foreign income tax on profits used to pay dividends with deductions for international double taxation

When the taxpayer's tax base includes dividends or shares in profits paid by a foreign company and subject to the deduction to avoid international double taxation established in article 32.1 of the LIS , to which the taxpayer is entitled, the tax that has been levied abroad on the profits out of which said dividends have been paid, in the amount corresponding to these, must be included in box [00351] "Tax foreigner on the profits out of which the dividends subject to deduction for international double taxation are paid (art. 32.1 LIS)» on page 13 of model 200, as a correction of increase, regardless of whether the whether or not the taxpayer applies the aforementioned deduction.