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Practical Manual for Companies 2024.

Filling in form 200

1. Completing page 14 of Form 200

a. Box [00547] "Compensation of negative tax bases from previous periods"

Only in the event that the amount in box [00550] "Taxable base before the application of the capitalization reserve and compensation of negative tax bases" is positive and different from zero, taxpayers of the Tax may compensate the negative tax bases from previous periods with the positive income of the tax period, with the limit of 70 percent of the taxable base prior to the application of the capitalization reserve and its compensation (this limit will be 50/25 percent for large companies).

To do so, they must record in box [00547] "Compensation of negative tax bases from previous periods" on page 14 of form 200, as a decrease in the amount of box [00550], the amount of the same that they decide to offset in this declaration. The amount entered in box [00547] will be the result of completing the breakdown table "Details of negative tax bases" on page 15 of form 200, which is explained at the end of this section.

Keep in mind:

In any case, negative tax bases up to 1 million euros may be offset in the tax period, even if this exceeds the limit of 70 percent of the previous tax base.

However, for the calculation of the limitation on the offset of negative tax bases, the amount of a series of incomes that must be included separately on page 14 of Form 200 is not taken into account: 

  • to'. Box [00545] "Income corresponding to reductions by agreement with creditors (art. 26.1) LIS)»

    For the calculation of the limit on the compensation of negative tax bases, the amount of the reductions or delays resulting from an agreement with creditors not related to the taxpayer should not be taken into account. Therefore, this amount must be recorded in the box [00545] "Income corresponding to reductions by agreement with creditors (art. 26.1 LIS)» on page 14 of form 200 (box [00593] «Corresponding income. to reductions by agreement with unrelated creditors of cooperatives (at quota level) ( DA 8 Law 20/1990) » on page 14 of form 200 in the case of cooperative societies).

    Remember:

    Any negative tax bases offset against these incomes will not be taken into account toward the minimum amount of 1 million euros that can be offset in any case.

  • b'. Box [00925] "Income from the reversal of impairment losses on securities representing participation in capital or equity (DT 16.3 LIS)"

    The limits on the compensation of negative tax bases established in section 1 of the fifteenth Additional Provision of the LIS for large companies based on the net amount of the turnover, will not apply to the amount of the rents corresponding to the reversal of impairment losses on representative securities from the participation in the capital or equity of entities that are included in the tax base by application of the provisions of the third section of the sixteenth transitional provision of the LIS, provided that the negative tax bases subject to compensation had their origin in tax periods beginning before January 1, 2021. For these purposes, this amount must be recorded in the box [00925] "Income corresponding to the reversal of impairment losses on securities representing participation in capital or equity (DT 16.3 LIS)." on page 14 of form 200 (box [00932] "Income corresponding to the reversal of impairment losses on securities representing participation in the capital or equity of cooperatives (at the share level) (DT 16.3 LIS)" on page 14 of form 200 in the case of cooperative societies).

  • c'. Box [01509] "Income corresponding to the reversal of impairments (DT 16.8 LIS)»

    The limit on the compensation of negative tax bases will not be applicable to the amount of income corresponding to the reversal of impairment losses that areintegrated in the tax base by application of the provisions of the sixteenth transitional provision of the LIS, provided that the impairment losses deducted during the tax period in which the negative tax bases to be offset were generated had represented at least 90 percent of the deductible expenses for said period. Therefore, this amount must be recorded in the box [01509] «Income corresponding to the reversal of impairments (DT 16.8 LIS)» on page 14 of form 200 (box [01510] "Income corresponding to the reversal of cooperative impairments (at the quota level) (DT 16.8 LIS)» (from page 14 of form 200 in the case of cooperative societies).

Therefore, and solely to determine the amount in box [00547] that will be affected by the application of the corresponding limitation established for the compensation of negative tax bases, the amount appearing in the aforementioned boxes [00545], [00925] and [01509] (boxes [00593], [00932] and [01510] in the case of cooperative companies) will be subtracted from said box [00547].

Keep in mind:

On page 1 of Form 200, information must be included on the net amount of the turnover for the twelve months prior to the start date of the tax period for the purposes of determining the application of minimum taxation (Article 30 bis). LIS ) and the limits on the compensation of negative tax bases (article 26 LIS) and the compensation of negative quotas in the cooperative regime (article 24.1 Law 20/1990).

The option selected by the taxpayer will also be taken into account when determining the limits for calculating accounting corrections resulting from the application of Article 11.12 of the LIS (Spanish Tax Law) and deductions for double taxation. Therefore, once the table on page 1 of Form 200 has been completed, it will not be displayed on other screens.

• Note common to boxes [00550] "Taxable base before application of the capitalization reserve and offset of negative tax bases" and [00547] "Offset of negative tax bases from previous periods"

To calculate these two boxes, the following must be taken into account:

  • If the amount in box [00550] is zero or negative , in no case may any amount of the negative tax bases from previous tax periods be offset, and the figure zero ("0") must be entered in box [00547].

  • If the amount in box [00550] is positive , the amount in box [00547] reduced, where applicable, by the amounts entered in boxes [00545] and [01509], will have as limit that of box [00550]. That is, the application of box [00547] may not result in a negative amount in box [00552] "Taxable base" under any circumstances.

2. Completing the “Details of the compensation of tax bases” table (page 15 of form 200)

The reporting entity, unless it is a cooperative society (boxes [00017], [00018] and [00019]), entities belonging to a tax group (boxes [00009] or [00010]) or entities that apply the special regime for ships and shipping companies in the Canary Islands (box [00069]), with respect to the year from which the negative tax bases pending offset at the beginning of the tax period subject to declaration come from, must complete this table in the manner detailed below:

  • In the column "Pending application at the beginning of the period/generated in the period" The amounts relating to the compensation of negative tax bases generated in the periods 1997 to 2024, pending application at the beginning of the tax period, will be collected.

    The line «Base compensation year 2024(*)» It should only be completed if the reporting entity has negative tax bases for another tax period also beginning in 2024, but less than 12 months and prior to the tax period being declared.

    In the case of entities whose tax period does not correspond to the calendar year or which have a split tax period, the negative tax bases from previous periods pending compensation must be included as coming from the year in which the fiscal year began.

  • In column "Applied in this settlement" the part (or the whole, if applicable) of the corresponding amount of column "Pending application at the beginning of the period/generated in the period" , which is applied in the settlement of the tax period subject to declaration.

    This column should not include the amount of the negative tax base that may have been generated in the tax period being declared (i.e. the box relating to the negative tax base will not contain any content). «Base compensation year 2024»).

    The total of the column "Applied in this settlement" that appears in box [00547] will be transferred to box [00547] on page 14 of form 200.

  • In the column "Pending application in future periods" The positive difference between the amount of the compensation of negative tax bases at the beginning of the tax period or generated in said period in the column "Pending application at the beginning of the period/generated in the period" and the amount of the compensation of negative tax bases applied in the settlement of the tax period subject to declaration in the column "Applied in this settlement" will be recorded.