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Practical Manual of Companies 2021.

Filling in form 200

In application of the provisions of transitional provision 24.7 of the LIS and article 42 of RDLeg. 4/2004 (or, where applicable, article 36 ter of Law 43/1995, of December 27, on Corporate Tax), taxpayers must enter in box [00585] «Deduction DT 24.7 LIS and art. 42 RDLeg. 4/2004» on page 14 of model 200, the amount of the deduction for reinvestment of extraordinary profits, which the taxpayer applies in the tax period subject to declaration. The amount entered in this box will be the one resulting from completing the breakdown table on page 16 of form 200 explained below.

Completion of the table «Deductions transitional provision 24.7 LIS and art. 42 RDLeg. 4/2004» (page 16 of model 200)

Taxpayers who apply the deduction for reinvestment of extraordinary profits must complete this table as detailed below:

  • Column "Joint limit" expresses the joint percentage that must operate on the full quota minus the double taxation deductions and bonuses, ( box [00582] "Positive adjusted full quota" on page 14 of form 200), to determine the maximum amount applicable in the tax period being declared.

  • The column "Year limit" indicates the last year in which the deduction can be applied, which will be the first of those indicated when the fiscal year coincides with the calendar year, provided that the exercise lasts twelve months.

  • In column "Deduction pending/generated" , the amounts of the deduction generated in both the current tax period (2021) and one prior to the current one (2006 to 2021) will be entered in the corresponding boxes. 2020), and that are pending application at the beginning of the tax period that is the subject of declaration.

    Row «Deduction DT 24.7 LIS 2021 (*)» must only be completed if the entity has deductions pending to apply corresponding to a previous tax period starting in 2021.

  • In column "Applied in this settlement" the part (or all, where appropriate) of the amounts entered in the previous column "Deduction generated" relating to the deduction for reinvestment of extraordinary benefits, which are applied in the settlement corresponding to the period under settlement.

    Keep in mind:

    • The amounts entered in this column may not exceed the amounts resulting from applying the full quota, less deductions for double taxation and bonuses (box [00582] «Full quota positive adjusted») the limits that, in each case, establish the regulatory rules of the different deduction regimes.

    • In box box [00585] the total of the amounts entered in the column "Applied in this settlement" will be collected, which must be transferred to box [00585] on page 14 of the reference form 200 to the settlement of the Tax.

  • In column "Pending application in future periods" the positive difference between the amount of deductions pending at the beginning of the tax period or generated in said period in the column "Deduction pending/ generated", and the amount of the deductions applied in the settlement of the tax period object of declaration in column "Applied in this settlement" . Said amount will remain pending to be applied in future tax periods, unless the tax period being declared is the last in which the corresponding deduction can be applied, in which case the pending balance would be lost of deduction.

    Keep in mind:

    According to the provisions of article 44 of the RDLeg. 4/2004 , the amounts corresponding to this deduction that were not deducted in the tax period in which they were generated, may be applied in the settlements of the tax periods that end in the immediate and successive 15 years , counted from the end of the tax period in which said deduction was generated.

    Consequently, the settlement corresponding to the 2021 tax period being declared is the last settlement in which the amounts not deducted can be applied with respect to this deduction that was generated in 2006.