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Practical Handbook for Companies 2021

Impairment losses of article 13.1 of the LIS and provisions and expenditure (articles 14.1 and 14.2 of the LIS) referred to in article 11.12 of the LIS (converted to tax payable)

Regulation:Seventh additional provision Law 20/1990

The provisions for impairment of loans and other assets and certain provisions referred to in article 11.12 of the LIS, which have generated deferred tax assets, will be included in the positive tax liability, in accordance with the corresponding tax rate, up to the limit of this tax liability without taking into account its integration or the offsetting of negative tax liabilities.

Filling in form 200

La sociedad cooperativa deberá consignar en las casillas [00210] y [00480] «Pérdidas por deterioro del art. 13.1 LIS y provisiones y gastos (art. 14.1 y 14.2 LIS) a los que se refiere el art. 11.12 LIS (convertida en cuota)» de la página 14 del modelo 200, los ajustes que correspondan en aplicación de los criterios de imputación que establece el artículo 11.12 de la LIS respecto de las dotaciones por deterioro de los créditos u otros activos derivadas de las posibles insolvencias de los deudores no vinculados con el contribuyente, no adeudados por entidades de derecho público y cuya deducibilidad no se produzca por aplicación de lo dispuesto en el artículo 13.1.a) de esta Ley, así como los derivados de la aplicación de los apartados 1 y 2 del artículo 14 de esta Ley, correspondiente

  • In the box [00210] of increases, the amount corresponding to those losses due to impairment, endowment or contribution made by the taxpayer that are considered to be accounting expenses in the period being reported, but which not are tax deductible according to the provisions of articles 13.1 and 14.1 and 14.2 of the LIS, should be entered at the level of the quota.

  • However, when in a later tax period than the one in which it is booked as an accounting expense:

    • If the circumstances set out in articles 13.1 and 14.1 and 14.2 of the LIS occur and the said accounting expense becomes tax deductible, cooperative societies must make at the level of the quota a negative adjustment in the box [00480] of decreases.

    • If the reversal of the impairment or the accounting recovery of the expense occurs, the co-operative societies must make a negative adjustment at the quota level in the box [00480] to eliminate the accounting income recorded at the time.

      This adjustment will be made in the event that the aforementioned expenses have not been included for tax purposes, in accordance with the allocation criterion established in the seventh additional provision of Law 20/1990.If these expenses have been fully or partially expensed for tax purposes, the reversal of these expenses for accounting purposes will have tax effects in the corresponding part.

A tener en cuenta:

In the boxes [00210] and [00480] the allocations referred to in article 11.12 of the LIS must be entered, but without taking into account the limit of integration in the taxable base of these expenses established in said article.The application of this limit shall be included in the boxes [00408] and [01037] "Application of the limit of art. 11.12 LIS to the impairment losses of art. 13.1 LIS and provisions and expenses (art. 14.1 and 14.2 LIS)" on page 14 of form 200, as explained in the section "Application of the limit of article 11.12 LIS to the impairment losses of article 13.1 LIS and the provisions and expenses of articles 14.1 and 14.2 LIS".

The boxes [00210], [00480], [00408] and [01037] can only have a positive, zero or blank value, but never a negative value.

In relation to these boxes, please also refer to the section "Completion of the table Impairment charges of credits or other assets derived from the possible insolvencies of debtors not related to the taxpayer and others of art. 11.12 LIS with the possibility of conversion into a claim" on page 20 quater of form 200, which is explained in Chapter 5 of this Manual.