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Practical Manual of Companies 2021.

Impairment losses on fixed assets, property investments and intangible assets, including goodwill

article 13.2.a) of the LIS establishes that for tax periods beginning on or after January 1, 2015, losses due to Impairment of tangible assets, real estate investments and intangible assets, including goodwill, are not tax deductible.

Filling in form 200

In application of the provisions of this provision, the following adjustments will have to be made in boxes [00331] and [00332] «Losses due to impairment of tangible assets, real estate investments and intangible assets, including goodwill ( art. 13.2 a) and DT 15 LIS)» on page 12 of model 200:

  • In the box [00331] of increases, the taxpayer must include the amount of the losses due to deterioration of the values representing the participation in the capital or in the own funds recorded in the tax period object of declaration, which are not tax deductible according to the provisions of article 13.2.a) of the LIS.

  • On the other hand, when in a tax period subsequent to the accounting of the aforementioned impairment losses that gave rise to a positive adjustment to the accounting result ( box [00331] ) because it is not tax deductible, it is produces the recovery of value of the impairment , the taxpayer must include in box [00332] the amount corresponding to said reversal.

  • In relation to the provisions of article 13.2.a) of the LIS, the fifteenth transitional provision of the LIS establishes a transitional regime according to which The reversal of losses due to impairment of tangible assets, real estate investments and intangible assets that would have been tax deductible in tax periods beginning prior to January 1, 2015, will be integrated into the corporate tax base of the tax period in which they were incurred. produces the recovery of its value in the accounting field. In this case, said integration will be collected in the box [00331] of increases.