10.2.9 Compensation for conversion of deferred tax assets into a claim against the tax authorities

These keys must be completed in the event that the taxpayer exercises, under the terms provided for in article 130 of the LIS , the right to convert into a demandable credit against the Tax Administration the amount of the deferred tax assets corresponding to the non-deductible expenses of article 11.12 of said regulation, and opts for the offset of said credits.

In this regard, article 130.4 of the LIS establishes that the conversion of deferred tax assets into a claimable credit against the Tax Authority referred to in section 1 of this article will determine whether the taxpayer may choose to request payment from the Tax Authority or to offset said credits against other state-related tax debts that the taxpayer himself generates from the time of the conversion. The procedure and deadline for compensation or payment shall be established by regulation.

Therefore, in key [01021] the taxpayer must record the amount of the credit payable to the Tax Administration for which he/she requests compensation, in the terms provided for by article 130 of the LIS.

For these purposes, the procedure for offsetting debts payable to the Public Treasury is developed in article 69 of RIS .

In the event that the taxpayer pays taxes to one or several Provincial Councils of the Autonomous Community of the Basque Country and/or the Foral Community of Navarre, he/she must enter the amount in code [01044]. This key must be filled in from page 26 of form 200 (which can be accessed directly by clicking the fill in button).

The total amounts recorded in keys [01021] and [01044] will be recorded in key [00506]. In the event that the taxpayer pays taxes exclusively to the State Administration, the amount of the code [01021] will coincide with that of the code [00506].