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2021 Corporation Tax practical guide.

Calculation of the taxable base (page 22 of form 200)

According to article 16,1 of Act 20/1990, cooperative companies must consider cooperative and extracooperative results separately to determine the taxable base.

Therefore, although Article 57,4 of Act 27/1999 of 16 July on Cooperatives establishes that cooperative companies they can opt in their Statutes for non-accounting separate from extracooperative results, the tax regime of cooperatives requires, to pay Corporation Tax, unaggregate the taxable amount of these companies in two parts: One corresponding to cooperative results and another to extracooperative results.

Cooperative companies to determine their taxable base must transfer to the boxes [00553] "Cooperative results" and [00554] "Outsourced cooperative results" on page 14 of form 200, the amount that they have entered in these same boxes, obtained from the disaggregation of the tax base carried out in the section "Regime of cooperatives" on page 22 of this model.

Keep in mind:

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

Therefore, box [00552] "Taxable Base" on page 13 of form 200 must be the same as the sum of boxes [00553] and [00554].

Cooperative companies will not obtain the amount of the box [00552] "Gross tax base" as indicated in the general tax settlement (see Chapter 5 of this Manual), but they must transfer the amount of the box with their sign [00550] "Gross tax base before applying the capitalisation reserve and offsetting of negative taxable bases" to box [00552].

Below, details how the tax base must be broken down into the special cooperative regime, following the structure set out in the section "Cooperatives regime" on page 22 of form 200:

  1. Eligible income
  2. Specific expenses
  3. Allocated general expenses
  4. Education and Promotion Fund expenses
  5. Equity increases and decreases
  6. Result
  7. Increases (positive adjustments)
  8. Decreases (negative adjustments)
  9. Reduction due to compulsory endowment to the mandatory reserve fund (art. 16.5 Law 20/1990)
  10. Canary Islands investment reserve (Law 19/1994)
  11. Exhaustion factor
  12. Taxable base