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Practical Handbook for Companies 2021

Calculation of the total tax liability (page 14 of form 200)

The second paragraph of article 30 of of the LIS establishes that in the case of small entities that apply the equalisation reserve under the terms of article 105 of the LIS, the gross tax payable will be determined by applying the tax rate to the taxable base less or increased, as appropriate, by the amounts derived from the aforementioned article 105.

Therefore, these entities must enter in box [00562] "Full amount" on page 14 of form 200, the result of applying to box [01330] "Taxable base after equalisation reserve", the tax rate in box [00558] "Tax rate":

[00562] = [01330] x [00558] / 100

In the event that these entities fail to comply with the requirements stipulated in article 105 of the LIS for the application of the levelling reserve, they must enter in the box [01038] "Increase due to non-compliance with the levelling reserve (art. 105.6 LIS)" on page 14 of form 200, the amount corresponding to the integration in the gross tax liability for the tax period in which said non-compliance takes place of the gross tax liability corresponding to the amounts that have been reduced, increased by 5 per cent, in addition to the late payment interest, as stipulated in article 105.6 of the LIS.

Remember:

In cases in which these entities fail to comply with the requirements demanded by article 105 of the LIS for the application of the tax incentives of small entities other than the equalisation reserve, they should proceed to pay the full amount and the corresponding late payment interest, entering these amounts in the boxes [00615] and [00616] "Increase due to loss of tax benefits for previous periods" and in the boxes [00617] and [00618] "Late payment interest" on page 14 bis of form 200 (see chapter 6 of this Manual).