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Practical Handbook for Companies 2021

Compensation for converting deferred tax assets into credit payable to the Tax Agency

Regulation: Article 130 LIS

Entities that convert deferred tax assets under the terms established in paragraphs 1 and 2 of Article 130 of the LIS (see the following section ), may opt to offset these credits against other state tax debts that the taxpayer itself generates from the time of conversion, following the procedure established in Article 69 of Article 69 of the RIS .

Filling in form 200

In the event that the entity chooses to offset the credits, it must enter the amount corresponding to this offsetting in the box [00506] "Offset for conversion of deferred tax assets into a claim payable to the tax authorities (art. 130 LIS)" on page 14 bis of form 200:

  • In the event that the entity is taxed exclusively by the State Administration, the amount should be entered in box [01021] "Offsetting for conversion of deferred tax assets into a receivable from the tax authorities (art. 130 LIS) (State)". In this case, the amount in box [01021] shall be the same as the amount in box [00506].

  • In the event that the entity pays taxes to one or more Provincial Councils of the Autonomous Community of the Basque Country and/or the Autonomous Community of Navarre, the amount should be entered in box [01044] "Credit for conversion of deferred tax assets into a claim payable to the tax authorities (art. 130 LIS) (D. Forales/Navarra)". This box is to be completed on page 26 of form 200.