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Practical Handbook for Companies 2021

Total tax liability

1.Tax rates applicable to cooperatives

The cuota íntegra previa (box [00560]) is the sum of the amounts resulting from applying to each portion of the tax base broken down into cooperative and extra-cooperative results (boxes [00053] and [00554] on page 14 of form 200), the corresponding tax rate (box [00558] on page 14 of form 200).

The special tax regime for cooperatives stipulates that these entities must apply different tax rates depending on their classification and the nature of the results:

  1. Tax-sheltered cooperative societies

    • 20 per cent on the part of the taxable base constituted by the cooperative results of the tax period (25 per cent in the case of cooperative credit societies and rural banks).

    • 25 per cent to the part of the tax base made up of the extra-cooperative results of the tax period (30 per cent in the case of cooperative credit societies and rural banks).

  2. Cooperative companies which, in accordance with the provisions of Article 13 of Law 20/1990, are not considered to be tax protected, will be taxed at the general rate of 25 per cent of Corporation Tax on all their cooperative and extra-cooperative results.

Cooperative societiesTax rates
Cooperative resultsExtra-cooperative results
Fiscally protected cooperatives 20% 25%
Credit unions and rural banks 25% 30%
Cooperatives not fiscally protected 25%
(on the sum of co-operative and extra-cooperative results)

The sum of the amounts resulting from applying to each portion of the tax base broken down into cooperative and extra-cooperative results may be negative, and its amount may be offset with positive full tax payments in subsequent tax periods, under the terms established in Article 24.1 and in the eighth additional provision of Law 20/1990.

Example:

The taxable base of the Agricultural Cooperative "X" (fiscally protected) in the financial year 2021 (which coincides with the calendar year) is 2,000 euros, being +16,000 euros the part made up of cooperative results and -14,000 euros the part corresponding to extra-cooperative results.

Applying to each of the portions of the tax base its rate of taxation, it will result:

  • (+ 16.000) x 20%:3,200 euros
  • (- 14.000) x 25%:-3,500 euros
  • Previous full amount (box [00560]):-300 euros

2.Filling in form 200

Taking into account the provisions of this paragraph, cooperative societies shall complete the box [00560] "Previous full amount" on page 14 of form 200 as follows:

  1. The tax-sheltered co-operative societies that have to apply the corresponding tax rate to each of the parts of the tax base (made up of the co-operative and extra-cooperative results, respectively), should enter in this box, with its sign, the result of carrying out the following operation:

    [00560] = [00553] x [00558]/100 + [00554] x 25%.

  2. The cooperative credit societies and rural banks shall enter in this box the result of the following operation:

    [00560] = [00553] x [00558]/100 + [00554] x 30%.

    For the sole purpose of filling in box [00558] "Tax rate" on page 14 of form 200, tax-sheltered cooperative societies must enter the tax rate of 20 per cent corresponding to the cooperative results (25 per cent in the case of credit cooperatives and rural savings banks).

  3. With regard to the cooperative societies that are not considered to be tax protected, that must apply the general tax rate of 25% to all cooperative and extra-cooperative results, they shall enter in this box the result of the following operation:

    [00560] = [00552] x 25%

    In the case of cooperative societies that are not considered as fiscally protected, in box [00552] "Taxable Base" on page 13 of form 200, the result of adding boxes [00553] "Cooperative results" and [00554] "Extra-cooperative results" on page 14 of form 200 is included.

In addition, these companies which are not considered as fiscally protected should take into account the following:

  • If they apply the tax rate established for newly created entities in Article 29.1 of the LIS (they must have previously ticked box [00071] on page 1 of form 200), they shall enter in box [00560] the result of carrying out the following operation:

    -

  • If they apply the tax rate established for newly created entities in the twenty-second transitory provision of the LIS (they must have previously ticked box [00063] on page 1 of form 200), they shall enter in box [00560] the result of carrying out the following operation:

    • If the taxable income for the tax period is equal to or less than 300,000 euros:

      -

    • If the tax base for the tax period is more than 300,000 euros:

      [00560] = 300.000 x 15% + ([00552] - 300.000) x 20%.

    In the event that the tax period of these newly created entities has a duration of less than one year , the calculation of box [00560] shall be:

    • If the tax base for the tax period is equal to or less than 300,000 euros x d/365:

      -

    • If the tax base for the tax period is more than 300,000 euros x d/365:

      [00560] = 300.000 x d/365 x 15% + ([00552] - 300.000 x d/365) x 20%.

      Note: Where "d" is the number of days of the tax period, it being understood that when the tax period is 1 year long it will contain, in any case, 365 days.

A tener en cuenta:

As explained above, in the case of fiscally protected cooperative societies, the box [00560] "Cuota íntegra previa" may be negative and shall be entered with a minus sign (-).

In these cases, the cooperative may offset its amount against the positive full tax payments of the following tax periods, in accordance with the limits laid down in Article 24.1 and in the eighth additional provision of Law 20/1990.

In addition, and regardless of the compensation indicated, if box [00560] is negative, the cooperative should enter "zero" in boxes [00562], [00582] and [00592], going directly to fill in, where appropriate, the boxes corresponding to the withholdings for the year (boxes [01785] and following), until the net amount resulting from the settlement is determined (boxes [00621] and, where appropriate, [00622] relating to "Amount to be paid or refunded" on page 14 bis of form 200).