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Practical Manual of Companies 2022.

Impairment losses on loans to cover possible bad debts (boxes 00323 and 00324)

When small entities apply this tax incentive under the terms of article 104 of the LIS , small companies must make the following adjustments in boxes [00323 ] and [00324] "Small companies losses due to deterioration credits insolvencies (art. 104 LIS)" on page 13 of model 200:

  • In the box [00323] of increases, they must include the amount of the excess of the impairment losses recorded over the tax-deductible in the subject tax period of declaration.

  • And in the tax period in which the reversal of the impairment losses occurs, said entities must include in the box [00324] of reductions the amount corresponding to said reversal.