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Practical Manual of 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 zero figure (“0”) must be entered in box [00547].

  • If, on the contrary, a positive amount is obtained from such operation, the reductions will be applied to the result of the profit and loss account referred to in boxes [00382] and/or [00404] for the purposes of obtaining the amount corresponding to box [00550], but taking into account that the application of said reductions (from boxes [00382] and [00404], individually considered and/or as a whole, may not in any case give rise to to a negative tax base (box [00552]).

2. Assumption of shipping entities under a tax regime based on tonnage

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

  • The total amount of negative tax bases to be offset in the tax period subject to settlement, entered in box [00547] on page 15 of form 200, must be transferred to the same box on page 13 of the form minus the amount entered in box [00632] on page 21 of model 200.

  • This 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] relative to the tax base.