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Practical Manual for Companies 2020.

Special assumptions

1. Assumption of the decreases in the result of the profit and loss account related to the concepts "Mining and hydrocarbons, depletion factor" (box [00382]), "Reserves for investments in the Canary Islands" (box [00404]) and "Application of limit of art. 11.12 LIS to losses due to deterioration of art. 13.1 LIS and provisions and expenses (art. 14.1 and 14.2 LIS)» (box [00416])

In calculating the amount of box [00550] ([00550] = [00501] + [00417] - [00418]) indicated above, the following must be taken into account in relation to boxes [00382] and [00404]:

  • If the operation box [00501] + (boxes [00355] to [00413]) «Detail of the corrections to the result of the profit and loss account (excluding the correction for IS)» of increase) - (boxes [00356] a [00414]) «Details of the corrections to the result of the profit and loss account (excluding the correction for IS )» of decrease), excluding from these the boxes [00382] and [00404] corresponding to the corrections to the result of the profit and loss account) is zero or a negative amount, in no case will the application of the decreases to the result of the profit and loss account referred to in the boxes [ 00382] and [00404]. That is, in the aforementioned calculation of box [00550] the amounts in boxes [00382] and [00404] will not be computed to obtain the amount in box [00418]. And in this case, negative tax bases from previous tax periods cannot be offset, so the figure zero ("0") must be entered in box [00547].

  • If, on the other hand, the result of such an operation is a positive amount, the decreases to the profit and loss account result referred to in boxes [00382] and/or [00404] shall be applied in order to obtain the amount corresponding to box [00550], but taking into account that the application of said decreases (from boxes [00382] and [00404], considered individually and/or as a whole, may in no case give rise to a negative tax base (box [00552]).

2. Assumption of shipping entities under a tonnage-based taxation regime

If these entities have entered in box [00550] a positive amount resulting from the sum of the amounts in boxes [00578] "Taxable base for activities or income taxed under the general regime" and [00579] "Taxable base derived from the application of the special regime" on page 13 of form 200:

  • The total amount of negative tax bases to be offset in the tax period being settled, recorded in box [00547] on page 15 of Form 200, must be transferred to the same box on page 13 of the form, reduced by the amount recorded in box [00632] on page 21 of Form 200.

  • The amount in box [00547] on page 13 must be subtracted from the amount in box [00550]. but taking into account that the maximum amount by which they can reduce the amount in box [00550] is the amount that appears in box [00578].

And the result thus obtained, which cannot be negative, will be recorded in box [00552] relating to the taxable base.