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Practical Manual of Companies 2020.

Filling in form 200

Taxpayers must enter in box box [01032] “Capitalization reserve” on page 13 of form 200, the amount of the reduction in the tax base to which they are entitled in the tax period subject to declaration, due to the application of the capitalization reserve. This amount will be the result of completing the breakdown table "Capitalization reserve" on page 20 bis of form 200.

Keep in mind:

The s companies that are part of a group that pays taxes under a tax consolidation regime that have checked the boxes [00009] or [00010], must directly complete the box [01032], without the breakdown in the Capitalization Reserve table on page 20 bis of model 200.

On the other hand, as provided in number 2 of article 43.1.b) of the LIS , economic interest groups may charge their partners the capitalization reserve that they have not applied in the tax period. In this case, the partners must include in box [01032] the amount corresponding to that capitalization reserve that has been attributed to them. This same assumption is also applicable in the case of temporary business unions.

Completion of the “Capitalization reserve” table (page 20 bis of model 200)

Taxpayers who apply the capitalization reserve must complete this table as detailed below:

  • In column «Right to reduce BI . generated in the period/pending application at the beginning of the period» the amounts that generated the right to reduce the tax base in the 2018, 2019 and 2020 tax periods must be entered.

    The «row 2020 (*)» must only be completed in cases where the entity has capitalization reserves allocated in another tax period starting in 2020, but less than 12 months and prior to the declared year.

  • In column "Reduction BI applied" the amounts that generated the right to reduce the tax base in the 2018, 2019 and 2020 tax periods must be entered. , which are going to be applied in the period subject to declaration.

    The total amount of column "BI reduction applied" that is collected in box [01032], will be transferred to box [01032] on page 13 of form 200.

  • In column "BI reduction pending application in future periods" , the amounts with the right to reduce the tax base generated in the 2019 and 2020 tax periods, respectively, that due to insufficient basis remain pending to be applied for future tax periods.

    The box in this column relating to the amounts that generated the right to reduce the tax base in 2018 is blocked as of 2020, since according to the provisions of article 25.1 of the LIS, in the event of insufficient tax base to apply the reduction, the pending amounts can be applied in the tax periods ending in the 2 years immediately following the close of the tax period in which the right to reduction was generated. Therefore, the amounts that generated the right to reduce the tax base in 2018 cannot be pending application for future periods.

  • In box [01140] the amount of the capitalization reserve that has been provided in the year will appear.