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Practical Manual for Companies 2023.

Filling in form 200

In application of the provisions of this provision, taxpayers must enter in box [00584] "Deductions DT 24.1 LIS " on page 14 bis of form 200, the amount of deductions for investments in new tangible fixed assets that they have the right to apply in the tax period subject to declaration. The amount entered in this box will be the result of completing the breakdown table on page 16 of form 200 explained below.

Completing the table “Deductions under transitional provision 24.1 LIS” (page 16 of form 200)

Taxpayers who apply this deduction for internal double taxation must complete this table in the manner detailed below:

  • Column "Joint limit" refers to the joint percentage that must operate on the net quota (box [00582] "Positive adjusted total quota" on page 14 of form 200), to determine the maximum deduction amount applicable in the tax period subject to declaration.

    Remember:

    As established in the first section of the twenty-fourth transitional provision of the LIS, the deductions from different tax modalities or periods of article 26 of Law 61/1978, of December 27, may not exceed a joint limit of 35 percent of the net quota .

  • In column "Pending/generated deduction" the amounts of the deduction generated both in the current tax period (2023) and in a period prior to the current one (2018 to 2022) will be entered in the corresponding boxes, and which are pending application at the beginning of the tax period that is the subject of the declaration.

    Keep in mind:

    These deductions will be made in compliance with the limit on net tax rate provided for in the aforementioned Law and in the corresponding General State Budget Laws. For these purposes, the net quota shall be understood as the result of reducing the full quota by the deductions and bonuses provided for in Chapters II and III of Title VI of the LIS (box [00582]).

    The row «2023: Periodification(*)» should only be completed if the entity has deductions pending application corresponding to a previous tax period beginning in 2023.

  • In column "Applied in this settlement" the part (or all, if applicable) of the amounts recorded in the previous column "Deduction generated" relating to the deduction for reinvestment of extraordinary profits will be recorded, which are applied in settlement corresponding to the period subject to settlement.

    Keep in mind:

    In box [00584] the total amounts entered in the column "Applied in this settlement" will be recorded, which must be transferred to box [00584] on page 14 bis of form 200 regarding the settlement of the Tax.

  • In column "Pending application in future periods" the positive difference between the amount of deductions pending at the beginning of the tax period or generated in said period in the column "Pending/generated deduction" and the amount of deductions applied in the settlement of the tax period subject to declaration in the column "Applied in this settlement" will be recorded. This amount will remain pending application in future tax periods unless the tax period being declared is the last one in which the corresponding deduction can be applied, in which case outstanding deduction balance would be lost.