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Practical Manual for Companies 2023.

c. Completion of the table "Special reserve regime for investments in the Balearic Islands (DA 70 Law 31/2022)" (page 22 bis model 200)

Entities that have applied the RIIB in the tax period beginning in 2023 must complete this table as indicated below:

1. RIIB table

  • In column "Pending materialization RIIB at the beginning of the period" the amounts by which the tax base corresponding to previous years was reduced by application of the reserve for investments in the Balearic Islands must be recorded, and which at the beginning of the period have not yet materialized in any of the investments referred to in letters A, B and C of section Four of the Seventieth Additional Provision of Law 31/2022. As this reduction is applied for the first time with effect for tax periods beginning between January 1, 2023 and December 31, 2028 , the row corresponding to the "RIIB 2023" will remain closed during the 2023 financial year.

  • Columns "Applied/materialized in this settlement" will be completed:

    • In column "Investments planned letters A and B DA 70.4 Law 31/2022" , the amount of those amounts by which the tax base is reduced in the year 2023 (accounted for in the following years), which have materialized in the tax period subject to declaration, must be recorded in any of the investments planned in letters A and B of section Four of the Seventieth Additional Provision of Law 31/2022.

    • In column "Planned investments letter C DA 70.4 Law 31/2022" , the amount of those amounts by which the tax base is reduced in the year 2023 (accounted for in the following years), which have materialized in the tax period subject to declaration, must be recorded in any of the investments provided for in letter C of section Four of the Seventieth Additional Provision of Law 31/2022.

    • In column "Early investments considered materialization of the RIIB in this settlement " the amount of those investments made in 2023 that are considered early materialization of the RIIB in said year must be recorded.

    • In column "Integrated into BI due to non-compliance with requirements " the amounts allocated in prior periods to the RIIB that resulted in the reduction of the tax base and that as a consequence of non-compliance of any of the requirements established in section Four of the seventieth provision of Law 31/2022, except those contained in its numbers 3 and 12, must be integrated into the tax base of the tax period subject to declaration. Furthermore, it is recalled that in the tax period in which the non-compliance occurs, these amounts must be included in box [00778] "Reserve for investments in the Balearic Islands (DA 70 Law 31/2022)" on page 13 of form 200.

  • In column "Pending RIIB materialization at the end of the period" the amount of the amounts that have reduced the tax base and that remain to be materialized at the end of the period must be recorded. According to the provisions of section Four of the Seventieth Additional Provision of Law 31/2022, the amounts allocated to the RIIB must be materialized within a maximum period of three years, counted from the date of accrual of the tax corresponding to the year in which it was provided.

  • In box [02918] "Amount of the RIIB allocation charged to 2023 profits" , the amount by which the taxable base was reduced in the tax period subject to declaration must be recorded due to the allocation to the reserve for investments in the Canary Islands (accounted for in the following year against the profits of said year), in accordance with the limit and other conditions established in the Seventieth Additional Provision of Law 31/2022.

    The amount entered in this box [02918] must match the negative adjustment in box [00813] "Reserve for investments in the Balearic Islands (DA 70 Law 31/2022)" on page 13 of form 200.

2. Table of early investments

  • In column "Pending provision for RIIB at the beginning of the period" the advance investments of future provisions to the RIIB that have been made in previous years will be recorded, for which, at the beginning of the period, the RIIB has not yet been provided, and this will be done against the benefit of following years. Since the possibility of making advance investments of future allocations to the RIIB is applied for the first time with effect from 1 January 2023, the row corresponding to “Advance investments 2023” will remain closed during the 2023 financial year.

  • In column "Planned investments letters A and B DA 70.4 Law 31/2022" , the amount of the advance investments made in the year 2023 pending future allocations to the reserve for investments in the Balearic Islands will be recorded (even in the event that the latter are charged to the profits of the year 2023). An early investment is one made prior to obtaining the profit from which the RIC will be allocated, regardless of whether the first allocation of the RIIB is made from profits from the year in which it was invested or whether the allocation for that year covers or does not cover the total amount of the early investment. This box will contain the investments made during 2023 in any of those referred to in letters A and B of Section Four of the Seventieth Additional Provision of Law 31/2022.

  • In column "Planned investments letter C DA 70.4 Law 31/2022" , the amount of advance investments made in the year 2023 pending future allocations to the reserve for investments in the Canary Islands must be recorded (even in the event that the latter are charged to the profits of the year 2023). An early investment is one made prior to obtaining the profit from which the RIIB will be allocated, regardless of whether the first allocation of the RIIB is made from profits from the year in which it was invested or whether the allocation for that year covers or does not cover the total amount of the early investment. This box will contain the investments made during 2023 in any of those referred to in letter C of Section Four of the Seventieth Additional Provision of Law 31/2022.

  • In column "Pending provision to RIIB at the end of the period" the amount of advance investments of future provisions to the RIIB that have been made and that, at the end of the period, are still pending to be provided to the RIIB against the benefit of subsequent years must be recorded.

    Remember:

    In the tax period in which the advance investments are made, the materialization and its financing system must be reported together with the corporate tax return (see section " Documentation to be submitted before the return " in Chapter 1 of this Practical Manual).