11.3.1.3 Type of tax and rate

In any case, the general tax rate of 25 percent provided for in article 29.1 of the LIS will be applied to the total tax base.

The portion of the total tax attributable to the part of the tax base determined under the objective estimation regime may not be reduced by the application of any type of deduction or bonus.

Therefore, bonuses and deductions may only be included on the full rate derived from the part of the tax base subject to the general regime and, where applicable, from the full rate derived from the income obtained from the transfer of vessels affected by this special regime and which do not form part of the tax base determined under the objective estimation regime.

Likewise, the acquisition of vessels affected by this regime will not entail the application of any tax incentive or deduction. The portion of the full quota that comes from the rest of the tax base may not be reduced by the application of deductions generated by the acquisition of the vessels referred to before their allocation to the special regime set out in this section.