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Practical Manual of Companies 2022.

Adjustments from limiting the deductibility of financial expenditure

In application of the provisions of article 16 of the LIS , the taxpayer must make a series of adjustments in boxes [00363] and [00364] «Adjustments for the limitation on deductibility in financial expenses (art. 16 LIS)» on page 12 of model 200:

  • In the tax period in which net financial expenses are recorded , the taxpayer must make a positive adjustment in box [00363] for the amount of those expenses that are not deductible.

  • When in subsequent tax periods said expenses are deductible , the taxpayer will make negative adjustments in box [00364] for the amount thereof.