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Practical Handbook for Companies 2021

Completion of the table on page 20 quater of Form 200

Taxpayers who, in accordance with the previous sections, include in the tax base corresponding to the tax period of the tax return, expenses that were not deductible in the tax period in which they were accounted for, in the terms established in article 11.12 of the LIS, should complete the table "Allowances for impairment 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 an enforceable credit" on page 20 quater of form 200 in the manner explained below:

  • Within the block "Allocations pending integration at the beginning of the period/g1enerated in the period itself", two columns are distinguished:

    • In the column "Which have not met the conditions for tax deductibility", the amounts relating to those expenses referred to in article 11.12 of the LIS which were not tax deductible in the tax period in which they were recorded and which, therefore, generated deferred tax assets, shall be entered.In other words, the amount of the allocations referred to in article 11.12 of the LIS, generated in 2007 and previous years, 2008 to 2015, 2016, 2017, 2018, 2019, 2020 and 2021, respectively, which are pending inclusion in the tax base in the tax period being reported and which do not meet the conditions for tax deductibility in that tax period, shall be recorded.

    • In the column "Which have fulfilled the conditions for tax deductibility but not integrated due to application of the limit", the amounts relating to those expenses referred to in article 11.12 of the LIS which were not tax deductible in the tax period in which they were recorded and which therefore generated deferred tax assets, and which in the tax period being reported become tax deductible, shall be entered.In other words, the amount of the allocations referred to in article 11.12 of the LIS, generated in 2007 and previous years, 2008 to 2015, 2016, 2017, 2018, 2019 and 2020, respectively, which are pending inclusion in the tax base in the tax period being reported and which, having met the conditions for deductibility in that period, cannot be included due to the application of the limit established in article 11.12 of the LIS, shall be included.

    • In the column "Allocations included in this settlement" the amounts relating to those expenses referred to in article 11.12 of the LIS, which in the tax period being declared meet the conditions for tax deductibility, and which can be included in the tax base for that period, in accordance with the provisions of article 11.12 of the LIS, shall be entered.In other words, the amount of the allocations referred to in article 11.12 of the LIS generated in 2007 and previous years, 2008 to 2015, 2016, 2017, 2018, 2019 and 2020, respectively, which are included in the tax base of the tax period being reported, shall be recorded.

    • In the column "Allocations applied for the conversion of deferred tax assets" the allocations generated in the tax period corresponding to the deferred tax assets that have been converted by the taxpayer because they comply with the requirements of article 130 of the LIS shall be entered.In other words, the amount of the provisions corresponding to 2007 and previous years, 2008 to 2015, 2016, 2017, 2018, 2019, 2020 and 2021, respectively, which have generated deferred tax assets on which the conversion right established in article 130 LIS has been applied, shall be recorded.

  • Within the block "Allocations pending integration in future periods", we distinguish between two columns:

    • In the column "That have not met the conditions for tax deductibility", the amounts relating to those expenses referred to in article 11.12 of the LIS that were not tax deductible in the tax period in which they were recorded and therefore generated deferred tax assets, which in the tax period being reported, are pending inclusion in the tax base of future periods, shall be entered.In other words, the amount of those allocations referred to in article 11.12 of the LIS generated in 2007 and previous years, 2008 to 2015, 2016, 2017, 2018, 2019, 2020 and 2021, respectively, which are pending inclusion in the tax base of future periods, as referred to in the previous section, shall be recorded.

    • In the column "Which have fulfilled the conditions for tax deductibility but not included due to application of the limit", the amounts relating to those expenses referred to in article 11.12 of the LIS which are deductible in the tax period being declared, but cannot be included in the tax base for that period due to application of the limit established in article 11.12 of the LIS, and therefore remain pending inclusion in future tax periods, shall be entered.In other words, the amount of those allocations referred to in article 11.12 of the LIS generated in 2007 and previous years, 2008 to 2015, 2016, 2017, 2018, 2019 and 2020, respectively, which are pending inclusion in the tax base of future periods, as referred to in the previous section, shall be recorded.

      A tener en cuenta:

      The amounts shall be entered at the level of the base, except in the case of cooperative societies, where the amounts shall refer to the quota.

      The boxes corresponding to the row "2021*" should only be completed in the case where the entity has allocations pending integration corresponding to a tax period starting in 2021, prior to the one that is now the subject of the declaration.