Public subsidies included in profit and loss for the year, not integrated in the taxable base

In the paragraph of article 14.8 of the is established that subsidies granted by public administrations to mutual guarantee companies and income derived from said subsidies will not be included in the tax base, provided that both are allocated to the technical provisions fund. The provisions of this section shall also apply to reinsurance companies with regard to the activities that, in accordance with the provisions of article 11 of the Law on the Legal Regime of Mutual Guarantee Companies, must necessarily form part of their corporate purpose.

Filling in form 200

In application of the provisions of this precept, the taxpayer must make the following adjustments in box [00368] "Public subsidies included in the result of the year, not integrable in the tax base (art. 14.8 LIS)" on page 12 of form 200:

• This box [00368] must include the amount of the subsidies that have been granted by the public administrations to the mutual guarantee companies , as well as, where applicable, the amount of the income derived from them, provided that both are allocated to the technical provisions fund.

• Likewise, the amount of the subsidies granted by the public administrations to the reinsurance companies must be included in box [00368] , as well as, where applicable, the amount of the income derived from them, provided that both are allocated to the technical provisions fund and that they refer to the activities that, in accordance with the provisions of article 11 of Law 1/1994, of March 11, on the Legal Regime of Reciprocal Guarantee Societies, must necessarily be integrated into their corporate purpose.