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Practical Manual for Companies 2023.

Regularization of conversion of deferred tax assets through complementary self-assessment

Within the box "Conversion of deferred tax assets into a payable credit against the Tax Authority (art. 130 LIS )" on page 15 of form 200, section "Liquid to be paid or returned" will be completed exclusively when the entity submits a supplementary self-assessment to modify a previously submitted self-assessment with the aim of requesting a lower amount of credit or offset for deferred tax assets converted into a payable credit against the Tax Authority.

Remember:

In order to complete this section, entities must have previously checked the supplementary self-assessment box on page 1 of form 200, stating the supporting document number of the previous self-assessment.

This section will be completed as follows:

  • In the box [03243] «Supplementary: "Agreed/compensated refund" means the total amount of the credit payable to the tax authority for which payment or compensation has been requested in the original self-assessment and whose refund has been agreed or made by said authority. In the event that the refund has not been agreed or made by the tax authorities, zero must be entered in the corresponding box:

    • In the event that entity pays taxes exclusively to the State Administration, in box [03244] «Supplementary: Agreed/compensated refund (State)» you must enter the amount that you have completed in boxes [01020] «Credit for conversion of deferred tax assets into a payable credit against the Tax Authority (art. 130 LIS) (State)» or [01021] «Compensation for conversion of deferred tax assets into a payable credit against the Tax Authority (art. 130 LIS) (State)» on page 15 of the original self-assessment.

    • In the event that entity pays taxes to one or more Provincial Councils of the Autonomous Community of the Basque Country and/or the Foral Community of Navarre, in box [03245] «Supplementary: Agreed/compensated refund (D.Forales/Navarra)», you must enter the amount that you have completed in boxes [01043] «Credit for conversion of deferred tax assets into a credit payable to the Tax Authority (art. 130 LIS) (D. Forales/Navarra)» or [01044] «Compensation for conversion of deferred tax assets into a demandable credit against the tax authorities (art. 130 LIS) D. Forales/Navarra)» on page 15 of the original self-assessment. This box must be completed on page 26 of Form 200.

  • In box [03317] "Conversion result of AID after regularization: "Credit" shall be recorded for the total amount to be refunded if the entity chooses to request payment of the claim due from the Tax Authority, when the result of the deferred tax asset converted into a claim due from the Tax Authority is less than the result of the original self-assessment and its refund has not yet been agreed or offset by the Tax Authority:

    • In the event that entity pays taxes exclusively to the State Administration, in box [03318] « AID conversion result after regularization: "Credit (State)" must be entered as the amount resulting from subtracting from boxes [01020] "Credit for conversion of deferred tax assets into a credit payable to the Tax Authority (art. 130 LIS) (State)" or [01021] "Compensation for conversion of deferred tax assets into a credit payable to the Tax Authority (art. 130 LIS) (State)", the amount in box [03244] "Supplementary: "Agreed/cleared return (Status)" in case this transaction results in a return.

    • In the event that the entity submits to one or several Provincial Councils of the Autonomous Community of the Basque Country and/or the Foral Community of Navarre, in box [03319] «Result of AID conversion after regularization: Fertilizer (D. Forales/Navarra)» the amount resulting from subtracting from boxes [01043] «Credit for conversion of deferred tax assets into a credit payable to the Tax Authority (art. 130 LIS) (D. Forales/Navarra)» or [01044] «Compensation for conversion of deferred tax assets into a payable credit against the tax authorities (art. 130 LIS) (D. Forales/Navarra)», the amount of box [03245] «Supplementary: Agreed/compensated return (D. Forales/Navarra)», in the event that this operation results in a refund. This box must be completed on page 26 of Form 200.

  • In box [03320] «AID conversion result after regularization: "Compensation" shall record the total amount to be returned if the entity chooses to offset the payment of the claim due to the tax authority, when the result of the deferred tax asset converted into a claim due to the tax authority is lower than the result of the original self-assessment and its return has not yet been agreed or offset by the tax authority: 

    • In the event that entity pays taxes exclusively to the State Administration, in box [02490] «AID conversion result after regularization: Compensation (State)» the amount resulting from subtracting from boxes [01020] «Credit for conversion of deferred tax assets into a payable credit against the Tax Authority (art. 130 LIS) (State)» or [01021] «Compensation for conversion of deferred tax assets into a payable credit against the Tax Authority (art. 130 LIS) (State)», the amount of box [03244] « Complementary: "Agreed/cleared return (Status)" in case this transaction results in a return.

    • In the event that entity pays taxes to one or more Provincial Councils of the Autonomous Community of the Basque Country and/or the Foral Community of Navarre, in box [02491] «AID conversion result after regularization: Compensation (D. Forales/Navarra)» the amount resulting from subtracting from boxes [01043] «Credit for conversion of deferred tax assets into a credit payable to the Tax Authority (art. 130 LIS) (D. Forales/Navarra)» or [01044] «Compensation for conversion of deferred tax assets into a payable credit against the tax authorities (art. 130 LIS) (D. Forales/Navarra)», the amount of box [03245] «Supplementary: "Agreed/compensated refund (D.Forales/Navarra)" in the event that this operation results in a refund. This box must be completed on page 26 of Form 200.

  • In box [02492] «AID conversion result after regularization: "To be paid" will record the amount that is to be paid when the result of the deferred tax asset converted into a payable credit against the Tax Authority is less than the result of the original self-assessment and its return has already been agreed or offset by the Tax Authority:

    • In the event that entity pays taxes exclusively to the State Administration, in box [02493] «AID conversion result after regularization: To be entered (State)» the amount resulting from subtracting from boxes [01020] «Credit for conversion of deferred tax assets into a credit payable to the Tax Authority (art. 130 LIS) (State)» or [01021] «Compensation for conversion of deferred tax assets into a credit payable to the Tax Authority (art. 130 LIS) (State)», the amount in box [03244] must be entered in the event that this operation results in a payment.

    • In the event that entity pays taxes to one or several Provincial Councils of the Autonomous Community of the Basque Country and/or the Foral Community of Navarre, in box [02494] «AID conversion result after regularization: To enter (D. Forales/Navarra)» the amount resulting from subtracting from boxes [01043] «Credit for conversion of deferred tax assets into a credit payable to the Tax Authority (art. 130 LIS) (D. Forales/Navarra)» or [01044] «Compensation for conversion of deferred tax assets into a payable credit against the tax authorities (art. 130 LIS) (D. Forales/Navarra)», the amount in box [03245] in case this operation results in a payment. This box must be completed on page 26 of Form 200.

Note:

Supplementary self-assessments are those that have the purpose of completing or modifying those previously submitted, and may be submitted when they result in an amount to be paid that is higher than that of the previous self-assessment or an amount to be returned that is lower than that previously self-assessed.

If, on the other hand, the taxpayer considers that the previous self-assessment has in any way harmed his legitimate interests, he may request the tax authorities to rectify said self-assessment. These applications may be made provided that the tax authority has not made a final or provisional settlement for the same reason and the four-year limitation period referred to in article 66 of Law 58/2003, of December 17, General Tax Law, regarding the right of the tax authority to determine the tax debt through settlement or the right to request the corresponding refund, has not elapsed. In these cases, the submission of additional self-assessments will not be applicable.