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Practical Manual of Companies 2023.

Compensation for converting deferred tax assets into credit payable to the Tax Agency

Regulation: Article 130 LIS

Entities that convert deferred tax assets under the terms established in sections 1 and 2 of article 130 of the LIS (see following section ), may choose offset these credits with other debts of a state tax nature that the taxpayer himself generates from the moment of the conversion, following the procedure established in article 69 of the RIS .

Filling in form 200

In the event that the entity chooses to offset the credits, it must enter the amount corresponding to said offset in box [00506] “Compensation for conversion of deferred tax assets into credit demandable before the Tax Administration (art. 130 LIS)» on page 15 of model 200:

  • In the event that the entity pays taxes exclusively to the State Administration, must enter the amount in box [01021] «Compensation for conversion of deferred tax assets in credit enforceable against the Tax Administration (art. 130 LIS) (State)». In this case, the amount in box [01021] will match that in box [00506].

  • In the event that the entity pays taxes to one or more Provincial Councils of the Autonomous Community of the Basque Country and/or Navarra Foral Community, it must enter the amount in box [01044] «Credit for conversion of deferred tax assets into credit payable to the Tax Administration (art. 130 LIS) (D. Forales/Navarra). This box will be completed on page 26 of form 200.