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Practical Manual for Companies 2021.

Filling in form 200

Only in the event that the amount in box [00550] “Taxable base before application of the capitalisation reserve and offsetting of negative tax bases” is positive and other than zero, taxpayers may offset negative tax bases from previous periods by entering in box [00547] “Offsetting negative tax bases from previous periods” ## on page 13 of form 200, as a decrease in the amount in box [00550], the amount thereof that they decide to offset in this declaration. The amount entered in box [00547] will be the result of completing the breakdown table "Details of negative tax bases" on page 15 of form 200, which is explained at the end of this section.

For the calculation of the limit on the compensation of negative tax bases, the amount of the reductions or delays resulting from an agreement with creditors not related to the taxpayer should not be taken into account. Therefore, this amount must be entered in box [00545] "Income corresponding to reductions by agreement with creditors (art. 26.1 LIS)" on page 14 of form 200 (box [00593] "Income corresponding to reductions by agreement with creditors not linked to cooperatives (at quota level) ( DA 8 Law 20/1990)» on page 14 of form 200 in the case of cooperative societies).

For this same reason, the amount of income corresponding to the reversal of impairment losses that is integrated into the tax base by application of the provisions of the sixteenth transitional provision of the LIS, must be entered in box [01509] "Income corresponding to the reversal of impairments ( DT 16.8 LIS)" on page 14 of form 200 (box [01510] "Income corresponding to the reversal of cooperative impairments (at share level) (DT 16.8 LIS)" on page 14 of form 200 in the case of cooperative societies).

Therefore, and solely to determine the amount in box [00547] that will be affected by the application of the corresponding limitation established for the compensation of negative tax bases, the amount appearing in the aforementioned boxes [00545] and [01509] (boxes [00593] and [01510] in the case of cooperative societies) will be subtracted from said box [00547].

Keep in mind:

For tax periods starting on or after 1 January 2019 , information on the net amount of turnover for the twelve months prior to the start date of the tax period must be included on page 21 of Form 200, in order to determine the application of the limits on the offsetting of negative tax bases in the terms provided for in Article 26 of the LIS .

For these purposes, when completing box [00547] a breakdown window will open (except in cases where the table on page 21 of form 200 has already been previously completed), in which the taxpayer must indicate whether the net amount of turnover during the twelve months prior to the start date of tax period has been less than 20 million, at least 20 million euros, but less than 60 million or at least 60 million euros. The option selected by the taxpayer will be transferred to the box "Net turnover for the twelve months prior to the start date of the tax period" on page 21 of Form 200.

The option selected by the taxpayer will also be taken into account to determine the limits in the calculation of accounting corrections arising from the application of article 11.12 of the LIS, the compensation of negative quotas for losses of cooperatives and deductions for double taxation, so once the table on page 21 of form 200 has been completed, it will not be displayed again on other screens.

Common note to boxes [00550] “Taxable base before application of the capitalisation reserve and offsetting of negative tax bases” and [00547] “Offsetting of negative tax bases from previous periods”:

  • If the amount in box [00550] is zero or negative , in no case may any amount of the negative tax bases from previous tax periods be offset, and the figure zero ("0") must be entered in box [00547].

  • If the amount in box [00550] is positive , the amount in box [00547] reduced, where applicable, by the amounts entered in boxes [00545] and [01509], will have as limit that of box [00550]. That is, the application of box [00547] may not result in a negative amount in box [00552] "Taxable base" under any circumstances.

Completing the “Details of the compensation of tax bases” table (page 15 of form 200)

The reporting entity, unless it is a cooperative society, or entities belonging to a tax group that mark boxes [00009] or [00010] for the year from which the negative tax bases pending offset at the beginning of the tax period subject to the declaration come from, must complete this table in the manner detailed below:

  • In column "Pending application at the beginning of the period/generated in the period" the amounts related to the compensation of negative tax bases generated in the periods 1997 to 2021, pending application at the beginning of the tax period, will be collected.

    Row «Base compensation year 2021 (*)» only must be completed if the reporting entity has negative tax bases for another tax period also starting in 2021, but less than 12 months and prior to the tax period being declared.

    In the case of entities whose tax period does not correspond to the calendar year or which have a split tax period, the negative tax bases from previous periods pending compensation must be included as coming from the year in which the fiscal year began.

  • In column "Applied in this settlement" the part (or the whole, if applicable) of the corresponding amount of column "Pending application at the beginning of the period/generated in the period" , which is applied in the settlement of the tax period subject to declaration.

    This column should not include the amount of the negative tax base that, if applicable, may have been generated in the tax period being declared (i.e. the box relating to "Compensation of base year 2021" will not contain any content).

    The total of the column "Applied in this settlement" that appears in box [00547] will be transferred to box [00547] on page 13 of form 200.

  • In column "Pending application in future periods" the positive difference between the amount of the offset of negative tax bases at the beginning of the tax period or generated in said period in column "Pending application at the beginning of the period/generated in the period" and the amount of the offset of negative tax bases applied in the settlement of the tax period subject to declaration in column "Applied in this settlement" will be recorded.