Effects of non-fiscal accounting

Article 20 of the LIS establishes that when an asset or a service has a different accounting and tax valuation, the entity acquiring the former will include the difference between the two in its tax base, as follows:

1. In the case of assets that are part of current assets , in the tax period in which they give rise to the accrual of income or expense.

2. In the case of non-depreciable assets that are part of fixed assets, in the tax period in which they are transferred or derecognized.

3. In the case of amortizable assets that are part of fixed assets, in the tax periods that remain of their useful life, applying to the aforementioned difference the amortization method used with respect to the aforementioned assets, unless they are previously transferred or disposed of, in which case, they will be integrated on the occasion of the same.

4. In the case of services , in the tax period in which they are received, except when their amount must be incorporated into an asset, in which case the provisions of the previous paragraphs shall apply.

Filling in form 200

In application of the provisions of this precept, in the tax period in which the acquiring entity of a patrimonial element or a service has a different accounting and tax valuation, it must integrate in the boxes [01015] and [01016] "Effects of the accounting valuation different from the tax valuation (article 20 LIS)" on page 12 of form 200, the difference between both values.