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Practical Manual of Companies 2022.

Determination of the taxable base before the levelling reserve (page 13 of Form 200)

Small entities that apply any of the tax incentives provided for in Chapter XI of Title VII of the LIS other than the equalization reserve, to determine their tax base (box [00552]), they must make the following tax adjustments:

  1. Freedom to depreciate (boxes 00311 and 00312)
  2. Accelerated depreciation (boxes 00313 and 00314)
  3. Impairment losses on loans to cover possible bad debts (boxes 00323 and 00324)