Expenditure on transactions with tax havens

article 15 g) of the LIS establishes the non-deductibility of service expenses corresponding to operations carried out directly or indirectly, with resident persons or entities in countries or territories classified as tax havens, or that are paid through persons or entities resident therein, unless the taxpayer proves that the accrued expense corresponds to an operation or transaction actually carried out.

Filling in form 200

In application of the provisions of this provision, the taxpayer must make the following adjustments in boxes [00341] and [00342] "Operations carried out with tax havens (art. 15 g) LIS)" from page 12 of model 200:

• In the tax period in which the aforementioned non-tax-deductible expenses are recorded, a positive adjustment must be made to the accounting result in box [00341] .

• However, if in subsequent tax periods, the taxpayer proves that these accrued expenses respond to an operation or transaction actually carried out, said expenses will be considered tax deductible, so a negative adjustment must be made in box [00342 ] .