Financial expenditure arising from debts with entities in the group

In accordance with the provisions of article 15 h) of the LIS , financial expenses accrued in the tax period, derived from debts with group entities according to the criteria established in article 42 of the Commercial Code, regardless of residence and the obligation to prepare consolidated annual accounts, intended for the acquisition, from other group entities, of shares in the capital or own funds of any type of entities, or to make contributions to the capital or own funds of other entities in the group, unless the taxpayer proves that there are valid economic reasons for carrying out said operations, such as cases of restructuring within the group, direct consequence of an acquisition from third parties, or those cases in which there is genuine management of the investee entities acquired from Spanish territory.

Filling in form 200

For these purposes, in the tax period in which the aforementioned financial expenses considered not tax deductible are recorded, a positive adjustment must be made to the accounting result in box [00508] "Financial expenses derived from debts with entities of the group (art. 15 h) LIS)» on page 12 of model 200.