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Practical Manual of Companies 2020.

New developments for completing form 200

In addition to the regulatory developments, with the aim of the Tax Agency continuing to advance in one of its strategic lines of action, which is assistance to taxpayers , it has become necessary to modify model 200 for tax periods beginning on or after January 1, 2020 in the following aspects:

  1. It is planned that the " Tax Data" that will be provided to the taxpayer will be improved, as well as that they can be transferred to the Web Companies form or imported by software developed by the taxpayers themselves or by third parties, which They allow the direct presentation of the self-assessment of Corporate Tax.

  2. The detail table of the corrections to the result of the profit and loss account (excluding the correction for Corporate Tax) on page 19 of form 200 that will be mandatory for all the adjustments on pages 12 and 13 of said model, as indicated in Order HAC /565/ 2020, of June 12, by which forms 200 and 220 were approved for the tax periods beginning between January 1 and December 31, 2019. This modification is aimed at facilitating the completion of corrections to the result of the profit and loss account (excluding the correction for Corporate Tax) in future years by knowing whether the tax corrections carried out are permanent, temporary originating in the year or in previous years, as well as the outstanding balance at the beginning and end of the year of each of the adjustments. This table also meets the objective of obtaining greater detail of the corrections to the result of the profit and loss account to reduce the number of requirements that these adjustments currently raise. This information , once completed, will be grouped in the summary table contained in pages 26 bis to 26 e of form 200, which will also be mandatory to complete for tax periods beginning on or after January 1, 2020.

  3. For greater information and improvement in the management of the Tax it has been considered necessary to introduce changes related to the economic and fiscal regime of the Canary Islands that affect the completion of the sections relating to Deductions for investments in the Canary Islands with increased limits, to the Deduction for foreign film productions in the Canary Islands, as well as to advance investments that will be considered as materialization of the Reserve for investments in the Canary Islands.

Finally, a 3 has been published in Annex V of Order HAC /560/2021, of June 4 new form ##3##related to the Reserve for investments in the Canary Islands in order to carry out the communication of the materialization of the anticipated investments and its system of financing in accordance with the provisions of article 27.11 of the LIS of Law 19/1994, of July 6, which must be submitted prior to the tax return Companies of the tax period in which the advance investments are made.