{"id":37155,"date":"2026-02-10T07:57:39","date_gmt":"2026-02-10T07:57:39","guid":{"rendered":"https:\/\/www.asesoriaorihuelacosta.com\/?p=37155"},"modified":"2024-12-25T04:36:06","modified_gmt":"2024-12-25T04:36:06","slug":"accounting-the-corporate-tax","status":"publish","type":"post","link":"https:\/\/www.asesoriaorihuelacosta.com\/en\/accounting-the-corporate-tax\/","title":{"rendered":"Accounting the Corporate Tax"},"content":{"rendered":"\t\t
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The truth is that Corporate Income Tax Accounting has become increasingly difficult and complex.<\/p>

Over the last few years, new regulations have been included that complicate<\/strong> corporate tax settlement<\/strong>, such as the limitation on the deduction of financial expenses or the improvement in the capitalisation reserve.<\/p>

In this article we are going to talk about the basics.<\/p>

In many cases the accounting of corporate income tax as an expense does not coincide with the tax that is finally paid.<\/strong><\/p>

See why this situation occurs and how this tax is accounted for.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\r\n\t\t\t\t<\/div>\r\n\t\t\t\t\t<\/div>\r\n\t\t\t\t<\/section>\r\n\t\t\t\t

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Corporate Income Tax Settlement<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\r\n\t\t\t\t<\/div>\r\n\t\t\t\t\t<\/div>\r\n\t\t\t\t<\/section>\r\n\t\t\t\t
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Accounting-taxation differences<\/h3>

Calculation of Corporate Income Tax (IS)<\/h4>

The taxable base for corporate income tax (IS) is calculated on the basis of the accounting result, to which a series of corrections are applied to adapt it to the special features established by tax regulations<\/a>.<\/p>

The basic corporate income tax settlement scheme is as follows:<\/p>
Accounting result<\/strong><\/td><\/tr>
+ \/ – Off-balance-sheet adjustments and reductions<\/td><\/tr>
= Previous taxable income<\/td><\/tr>
– Offsetting of tax loss carryforwards<\/td><\/tr>
= Taxable income<\/td><\/tr>
x Tax rate<\/td><\/tr>
= Full tax liability<\/td><\/tr>
– Allowances and deductions<\/td><\/tr>
= Net amount<\/td><\/tr>
– Withholdings, payments on account and fractioned payments<\/td><\/tr>
= Differential quota<\/strong><\/td><\/tr>
+ Loss on incentives in previous years + Interest on arrears<\/td><\/tr>
= Net amount to be paid or refunded<\/td><\/tr><\/tbody><\/table>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\r\n\t\t\t\t<\/div>\r\n\t\t\t\t\t<\/div>\r\n\t\t\t\t<\/section>\r\n\t\t\t\t
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Extra-accounting corporate income tax adjustments<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\r\n\t\t\t\t<\/div>\r\n\t\t\t\t\t<\/div>\r\n\t\t\t\t<\/section>\r\n\t\t\t\t
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Off-balance-sheet adjustments reflect the differences between accounting and tax rules, and may be permanent or temporary:<\/p>