Negative permanent adjustments
In the event that the taxpayer has to make a correction to the result of the Profit and Loss Account that entails a permanent negative correction to the accounting result, by completing the corresponding box on the pages 12 and 13, the breakdown table "Detail of the corrections to the result of the profit and loss account (excluding the correction for Corporate Tax)" on page 19 of form 200 will be displayed simultaneously in the WEB Companies form. This information, once completed, will be grouped in the detail table contained on pages 26 bis to 26 exies of model 200.
In this case, the box corresponding to " Reductions in permanent corrections" in the part of the table on page 19 of the model 200 dedicated to «Exercise corrections» . The column that includes the outstanding balances at the beginning and end of the year cannot be completed since this is a permanent extra-accounting adjustment, there is no outstanding balance since the adjustment cannot be reversed in fiscal years. following.
Example:
Entity "B" whose net tax period of turnover in the immediately preceding tax period is less than 40 million euros, receives dividends in the amount of 10,000 euros from the BETA Company, resident in Spain. This dividend meets all the requirements established in articles 21.1 and 21.2 of the LIS , therefore, the exemption regulated in the aforementioned article 21 of said Law may apply. The entity's tax period coincides with the calendar year.
In this example, entity "B" has accounting income that is not tax income , because it is exempt by reason of article 21 LIS , for which you must make in form 200 of the period, a negative adjustment to the accounting result in box [00370] «Exemption on dividends or shares in benefits of resident entities (article 21.1, 21.10 and DT 40 LIS)» on page 12 of form 200 for the amount of 10,000 euros. This is a permanent correction because according to the LIS this income will not have to be included in the tax base in future years.
| Financial year | Accountingly | Fiscally | Tax correction | Form 200 |
|---|---|---|---|---|
| 2021 | +10,000 | 0 | - 10,000 | Box [00370] |
In the WEB Companies form, when box [00370] is to be completed, the table on page 19 of form 200 will be displayed. Only will be enabled for completion box corresponding to « Reductions in permanent corrections» of the part of the box dedicated to “Corrections for the exercise” , which must be completed for a value of 10,000 euros. The form will transfer the amount completed here to box [02966] on page 26 quater of form 200.
Detail of the corrections to the result of the profit and loss account (excluding the correction for IS ) (page 19 of model 200)
| Total | --- | --- | --- | 10,000 | --- | --- |
| Fiscal year 2021 tax corrections | Outstanding balance at beginning of year | Exercise corrections | Outstanding balance ending of fiscal year | |||
|---|---|---|---|---|---|---|
| Future increases | Future declines | Increases | Decreases | Future increases | Future declines | |
| Permanent fixes | --- | --- | --- | 10,000 | --- | --- |
| Temporary corrections with origin in the year |
--- | --- | --- | --- | --- | --- |
| Temporary corrections originating in previous years |
--- | --- | ||||
Detail table of the corrections to the result of the profit and loss account (excluding the correction by the IS) (page 26 bis to 26 e of model 200)
| Settings detail | Type | Outstanding balance at the beginning of the year | Exercise corrections | Outstanding balance at year-end | ||||
|---|---|---|---|---|---|---|---|---|
| Permanent | Temporary (origin in the year) | Temporary (origin in previous exercises ) | ||||||
| Exemption on dividends or participations in profits of resident entities (art. 21.1, 21.10 and DT 40 LIS) |
DECREASE | --- | [02966] 10,000 | --- | --- | --- | ||