4.2.76 Codes 00397 and 00398 regime of shipping entities based on tonnage (Chapter XVI, Title VII LIS)

These codes will be used exclusively by entities that have adhered to the Regime for Shipping Entities Based on Tonnage regulated in Chapter XVI of Title VII of the Corporate Tax Law.

These entities will calculate the part of the taxable base corresponding to the operation, ownership and, where applicable, technical and crew management of the vessels included in the regime, by applying the rules contained in article 114 of the Tax Law. These rules involve, in summary, the application of a scale to the number of net registered tons of each vessel, which will replace the operating results of these vessels. Therefore, it will be necessary to adjust the result of the profit and loss account to eliminate the part that derives from the activities covered by the special regime.

If the portion of the profit and loss account result derived from activities subject to the special regime is negative, its amount will be recorded in key [00398] for increases. If, on the other hand, it is positive, it must be recorded in the [00397] decrease key.