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Practical Manual of Companies 2022.

Foreign income tax on profits used to pay dividends with deductions for international double taxation

When the taxpayer's tax base includes dividends or shares in profits paid by a non-resident entity in Spanish territory and subject to the deduction to avoid international double taxation established in article 32.1 of the LIS , to which the taxpayer is entitled, the amount corresponding to the foreign tax actually paid by said non-resident entity in Spanish territory on the profits out of which said dividends have been paid, must be included in the box [00351] “Foreign tax on profits from which dividends subject to deduction for international double taxation are paid (art. 32.1 LIS)” on page 13 of form 200, as an increase correction , regardless of whether or not the taxpayer applies the aforementioned deduction.