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Practical Handbook for Companies 2021

Completion of the table "Levelling reserve" (page 20 bis of model 200)

The amount to be entered in the boxes [01033] and [01034] "Equalisation reserve" on page 13 of form 200, will be the amount resulting from completing the section "Reduction in taxable base" of this breakdown table, as detailed below:

  • In the column "Amount of reduction BI in the Period/pending to be added at the beginning of the period", the amounts generated in the tax periods 2016 to 2021, which are pending to be added at the beginning of the tax period, as well as the amount of reduction of the tax base in the period, will be included.

  • In the column "Amount added to the tax base in the period", the amounts corresponding to the tax periods 2016 to 2020, which are added to the tax base in the tax period being reported, shall be included.

  • In the column "BI amount included in the tax return due to non-compliance with the requirements", the tax base amounts corresponding to tax periods 2016 to 2020 that must be adjusted as a result of non-compliance with the requirements established in article 105 of the LIS in order to be able to apply the equalisation reserve will be included.For these purposes, it is reminded that in the tax period in which the non-compliance takes place, the full amount corresponding to the amounts that have been subject to reduction, increased by 5%, plus late payment interest, must be included in the box [01038] "Increase due to non-compliance with the levelling reserve (art. 105.6 LIS)" on page 14 of form 200, in addition to the late payment interest.

  • In the column "Amount pending addition in future periods", the amounts corresponding to the tax periods 2017 to 2021, which are not added in the tax period being reported and, therefore, remain pending addition in future periods, shall be included.

The "row 2021(*)" should only be filled in if the entity has unused allowances relating to a previous tax period starting in 2021.

The co-operative societies should reflect the amounts at the level of the quota and not at the level of the tax base.

Following the requirement of article 105.3 of the LIS which establishes that small entities that reduce their taxable income by applying the equalisation reserve must set up a reserve for the amount of the reduction, they must complete the "Allocation of the reserve" section of this breakdown table, as detailed below:

  • The column "Amount of the reserve to be funded" contains the amounts relating to the reserve to be funded for each of the years of generation (2016 to 2021).

  • In the column "Amount of the reserve set aside, the amounts relating to the reserve set aside in the financial years 2016 to 2021, which are set aside in the tax period being reported, shall be shown.

  • In the column "Amount of the reserve pending allocation", the amounts relating to the reserve set aside in the financial years 2016 to 2021, which remains to be allocated in the tax period being reported, shall be shown.

  • In the column "Reserve drawn down", the amounts relating to the reserve set aside in the financial years 2017 to 2021, drawn down in the tax period being reported, shall be shown.

The "row 2021(*)" should only be completed if the institution has unpaid reserves relating to a previous tax period starting in 2021.