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Practical Handbook for Companies 2021

Adjustments from limiting the deductibility of financial expenditure

In application of the provisions of Article 16 of the Corporation Tax Law, the taxpayer must make a series of adjustments in boxes [00363] and [00364] "Adjustments for limitation in deductibility of financial expenses (Art. 16 Corporation Tax Law)" on page 12 of form 200:

  • During the tax period in which the net financial expenses are booked, the taxpayer shall make a positive adjustment in box [00363] for the value of the expenses that are not deductible.

  • When in subsequent tax periods, these expenses are deductible, the taxpayer shall make negative adjustments in box [00364] for the value of these expenses.