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Practical Handbook for Companies 2021

Special cases

Assumption of the reductions to the profit and loss account result relating to the items "Mining and hydrocarbons, depletion factor" (box [00382]), "Reserves for investments in the Canary Islands" (box [00404]) and "Application of the limit of art. 11.12 LIS to the impairment losses of art. 13.1 LIS and provisions and expenses (art. 14.1 and 14.2 LIS)" (box [00416]).

In calculating the amount in box [00550] ([00550] = [00501] + [00417] - [00418]) above, the following should be taken into account in relation to boxes [00382] and [00404]:

  • If the operation box [00501] + (boxes [00355] to [00413]) "Detail of adjustments to the profit and loss account result (excluding adjustment for IS)" for increase) - (boxes [00356] to [00414]) "Detail of adjustments to the profit and loss account result (excluding adjustment for IS)" for decrease), excluding boxes [00382] and [00404] corresponding to the adjustments to the profit and loss account result) results in zero or a negative amount, the application of the decreases to the profit and loss account result referred to in boxes [00382] and [00404] shall not be applicable in any case.In other words, in the aforementioned calculation of box [00550], the amounts in boxes [00382] and [00404] will not be computed to obtain the amount in box [00418].And in this case, tax losses from previous tax periods cannot be offset, so in box [00547] a figure of zero ("0") must be entered.

  • If, on the other hand, this operation results in a positive amount, the reductions shall be applied to the profit and loss account result referred to in boxes [00382] and/or [00404] for the purposes of obtaining the amount corresponding to box [00550], but bearing in mind that the application of these reductions (of boxes [00382] and [00404], individually considered and/or as a whole, may not give rise in any case to a negative taxable base (box [00552]).

Case of shipping entities under tonnage taxation regime

If these entities have entered in box [00550] a positive amount resulting from the sum of the amounts in boxes [00578] "Taxable income from activities or income taxed under the general system" and [00579] "Taxable income derived from the application of the special system" on page 13 of form 200:

  • The total amount of tax losses to be offset in the tax period subject to assessment, entered in box [00547] on page 15 of form 200, must be transferred to the same box on page 13 of the form, reduced by the amount entered in box [00632] on page 21 of form 200.

  • This amount in box [00547] on page 13 shall be subtracted from the amount in box [00550].but bearing in mind that the maximum amount by which the amount in box [00550] can be reduced is the amount shown in box [00578].

And the result thus obtained, which may not be negative, shall be entered in box [00552] relating to the tax base.