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Practical Manual of Companies 2020.

Example

Entity "Z" in the tax period beginning on January 1, 2016, has losses due to impairment of values representing participation in the capital or equity of entities generated in tax periods beginning prior to January 1, 2016. January 2013 pending reversal, in accordance with the provisions of the sixteenth transitional provision of the LIS :

Tax period 1

We assume that in the tax period beginning on January 1, 2016, entity "Z" has provisions pending reversal in the amount of 300 euros and that the amount of the reversal due to application of DT 16.1 of the LIS is 40 euros, so you must complete the section “Reversal of losses due to impairment of securities representing participation in the capital or equity of entities pending reversal (DT 16 LIS) » on page 20 bis of model 200, as follows:

  • “Number of tax periods” column: 1

  • Column “Provisions pending integration at the beginning of the period” (box [01515]): 300 euros

  • “Provisions integrated in this settlement” block:

    • Column “DT 16.1 and 2 LIS” (box [01516]): 40 euros

    • Column “DT 16.3 LIS” (box [01585]): 20 euros

      In this case, the reversal amount due to application of DT 16.1 of the LIS is less (40 euros) than the minimum reversal amount established in DT 16.3 of the LIS (300/5= 60 euros), so the entity "Z" will record the minimum reversal amount (60 euros) in the manner indicated in this block.

    • Column “Provisions pending integration in future periods” (box [01517]): 240 euros

      In this column, entity "Z" will record the amount of 240 euros that remains pending reversal in the following 4 periods, after subtracting from the amount of the provisions pending integration at the beginning of the period (300 euros), the amount integrated in the settlement (60 euros).

Tax period 2

Continuing the previous example, entity "Z" has provisions pending reversal at the beginning of this period in the amount of 240 euros and we assume that the amount of the reversal due to application of DT 16.1 of the LIS in this period is 100 euros. Therefore, you must complete the aforementioned reversal section on page 20 bis of form 200, as follows:

  • “Number of tax periods” column: 2

  • Column “Provisions pending integration at the beginning of the period” (box [01515]): 240 euros

  • “Provisions integrated in this settlement” block:

    • Column “DT 16.1 and 2 LIS” (box [01516]): 100 euros

    • Column “DT 16.3 LIS” (box [01585]): 0 euros

      In this case, the reversal amount due to application of DT 16.1 of the LIS is higher (100 euros) than the minimum reversal amount established in DT 16.3 of the LIS (300/5= 60 euros), so the entity « Z» will record the amount of 100 euros in the manner indicated in this block.

    • Column “Provisions pending integration in future periods” (box [01517]): 140 euros

      In this column, entity "Z" will record the amount of 140 euros that remains pending reversal in the following 3 periods, after subtracting from the amount of the provisions pending integration at the beginning of the period (240 euros), the amount integrated in the settlement (100 euros).

Tax period 3

Following the previous example, entity "Z" has provisions pending reversal at the beginning of this period in the amount of 140 euros and we assume that the amount of the reversal due to the application of DT 16.1 of the LIS in this period is 0, therefore who must complete the aforementioned reversal section on page 20 bis of form 200, as follows:

  • “Number of tax periods” column: 3

  • Column “Provisions pending integration at the beginning of the period” (box [01515]): 140 euros

  • “Provisions integrated in this settlement” block:

    • Column “DT 16.1 and 2 LIS” (box [01516]): 0 euros

    • Column “DT 16.3 LIS” (box [01585]): 46.67 euros

      To complete this box, entity "Z" must take into account the provisions of the second paragraph of DT 16.3 of the LIS, according to which in the event that the reversal of a higher amount has occurred by application of the provisions of the sections 1 or 2 of this provision, the remaining balance will be integrated in equal parts between the remaining tax periods. That is, 140/3 = 46.67 euros.

    • Column “Provisions pending integration in future periods” (box [01517]): 93.33 euros

      In this column, entity "Z" will record the amount of 93.33 euros that remains pending reversal in the following 2 periods, after subtracting the integrated amount from the amount of the provisions pending integration at the beginning of the period (140 euros). in the settlement (46.67 euros).

According to this example, the table "Reversal of losses due to impairment of securities representing participation in the capital or equity of entities pending reversal (DT 16 LIS)" on page 20 bis of model 200 would be completed accordingly. the following way:

Tax period number
Provisions pending integration
at the beginning of the period		Provisions integrated into this settlementProvisions pending integration
in future periods
DT 16 1 and 2DT 16.3 LIS
1 [01515] 300 [01516] 40 [01585] 20 [01517] 240
2 [01515] 240 [01516] 100 [01585] 0 [01517] 140
3 [01515] 140 [01516] 0 [01585] 46.67 [01517] 93.33