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Practical Handbook for Companies 2021

Determination of the taxable base (page 22 of Form 200)

According to the provisions of Article 16.1 of Law 20/1990, for the determination of the taxable base cooperative societies must consider separately cooperative and extra-cooperative results.

Therefore, although Article 57.4 of Law 27/1999 of 16 July 1999 on Cooperatives stipulates that cooperative societies may opt in their Articles of Association for not to account separately for extra-cooperative results, the tax regime for cooperatives requires, in order to settle corporate income tax, that the taxable base of these societies be broken down into two parts:one for co-operative and one for extra-cooperative results.

In order to determine their taxable base, cooperative companies must transfer to the boxes [00553] "Cooperative results" and [00554] "Extra-cooperative results" on page 14 of form 200, the amount that they have entered in these same boxes, obtained from the breakdown of the taxable base carried out in the section "Cooperative system" on page 22 of this form.

A tener en cuenta:

The result obtained in boxes [00553] and [00554] on page 22 of form 200 shall be automatically transferred to the same boxes on page 14.

Consequently, box [00552] "Taxable Base" on page 13 of form 200 must be equal to the sum of boxes [00553] and [00554].

Cooperative societies will not obtain the amount in box [00552] "Taxable income" as indicated in the general tax settlement (see Chapter 5 of this Manual), but must transfer with its sign, the amount in box [00550] "Taxable income before application of the capitalisation reserve and offsetting of tax losses" to box [00552].

Below, details how the breakdown of the taxable base in the special regime for cooperatives should be carried out, following the structure set out in the section "Cooperative Regime" on page 22 of form 200: