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Form 200. Corporate Income Tax Declaration 2018

10.2.8 Credit for conversion of deferred tax assets into a claim against the tax authorities

Deferred tax assets corresponding to provisions for impairment of credits or other assets arising from possible insolvencies of debtors not related to the taxpayer, not owed to public law entities and whose deductibility does not occur by application of the provisions of article 13.1.a) of this Law, as well as those derived from the application of sections 1 and 2 of article 14 of this Law, corresponding to provisions or contributions to social security systems and, where appropriate, early retirement, may be converted into a claim against the Tax Authority under the terms established in sections 1 and 2 of article 130 of the LIS .

According to the provisions of article 130.4 of the LIS, entities that convert the deferred tax assets referred to in the previous paragraph into a claim against the Tax Authority may choose to request payment from the Tax Authority or to offset said claims against other state tax debts that the taxpayer itself generates from the time of the conversion, following the procedure established in article 69 of the RIS .

For these purposes, if the entity chooses to request payment of the tax credit, it must record this amount in key [00150] "Payment for conversion of deferred tax assets into tax credit (art. 130 LIS)" on page 14bis of form 200:

  • In the event that the entity pays taxes exclusively to the State Administration, it must record the amount in key [01020] "Credit for conversion of deferred tax assets into a payable credit against the Tax Administration (art. 130 LIS) (State)". In this case, the amount of key [01020] will match that of key [00150].

  • In the event that the entity pays taxes to one or more Provincial Councils of the Autonomous Community of the Basque Country and/or the Foral Community of Navarre, it must record the amount in the key [01043] "Credit for conversion of deferred tax assets into a credit payable to the Tax Authority (art. 130 LIS) (D. Forales/Navarre)». This key must be completed on page 26 of form 200 (which can be accessed directly by clicking the completion button).