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Practical Handbook for Companies 2021

Operations to increase capital or own funds by credit compensation

The article 17.2 of the LIS establishes that operations to increase capital or equity by offsetting credits shall be valued for tax purposes at the amount of the increase from a commercial point of view, regardless of the accounting valuation.

For these purposes, article 17.5 of the LIS establishes that in this case, the transferring entity will include in its tax base the difference between the amount of the increase in capital or equity, in the proportion corresponding to it, and the tax value of the capitalised credit.

Filling in form 200

In application of article 17.5 of the LIS, the transferring entity must make the corrections to the accounting result deriving from this integration in the boxes [01818] and [01819] "Operations to increase capital or equity by offsetting credits (art. 17.2 LIS)".