4.3.3.10 ZEC entities

Code 00559 Entities of the Canary Islands Special Zone. Taxable base at special tax rate

This key will be completed exclusively by entities under the Canary Islands Special Zone regime (ZEC entities) that are not excluded from its application (as indicated in the following two paragraphs), and it will record that part of the tax base to which the special tax rate must be applied (explained in key [00558]) for the operations that the entities carry out materially and effectively within the geographical area of the ZEC, following, for the purposes of its determination, the rules established in article 44 of Law 19/1994 amending the Economic and Fiscal Regime of the Canary Islands.

This tax regime will not be applicable to ZEC entities in tax periods in which the circumstances of incompatibility between State aid set out in the Twelfth Additional Provision of Law 19/1994 occur.