Modelo 200 starts from the SL's accounting result, that is, the profit and loss account for the year, and applies the tax adjustments required by law: expenses that are valid in the books but not deductible for tax, differences in depreciation, or offsetting losses from previous years. The applicable rate is applied to the resulting tax base, and the year's installment payments and withholdings are subtracted.
It must be filed even in years with losses or no activity, as long as the company remains legally constituted. An SL that invoices nothing still has obligations, and if it stops filing the tax it can end up with its Mercantile Register entry blocked and face penalties.
The typical mistake is filing figures that later do not match the annual accounts deposited at the Mercantile Register. Another common slip is not using losses from earlier years, which can be offset against future profits within the limits set by law, or claiming a partner's personal expenses as deductible.
Modelo 200 closes the Corporate Tax cycle: installment payments made during the year are deducted here, and the result comes from the company's official accounts. In kontora the SL's double-entry bookkeeping feeds the year-end close, and the return is prepared box by box with a deadline reminder.
Guides that use this term
- Modelo 200: the annual corporate tax return of a Spanish SL, step by step
- When Corporate Tax is paid in Spain: modelo 200 and modelo 202 dates in 2026 and 2027
- Corporate income tax in Spain: your SL's first year
- Modelo 202: the Corporate Tax instalment payment, explained
- Dormant Spanish SL: what stays mandatory when you are not trading
Rather have this calculated for you?
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