2.7.2.3 Canarian Special Zone Entity (ZEC) in fiscal consolidation

As a novelty for the 2019 financial year, the branches of the Canary Islands Special Zone (ZEC) of entities with tax residence in Spain that apply the special tax rate of 4 percent provided for this Zone, and that, with effects for tax periods that begin on or after January 1, 2018, may be part of a tax group that applies the special tax consolidation regime provided for in Chapter VI of Title VII of the LIS .

This key allows the identification of entities that present two forms 200, one in which they will mark this key and declare the part of the tax base to which the ZEC tax rate will be applied, and another form 200, for the part of the tax base that is not taxed at the special tax rate and that is going to apply the special tax consolidation regime (in this model you should not enter the key [00079], but you should enter the keys [00009] ≪“Dominant entity of tax group” or [00010] ≪Entity dependent on tax group", as applicable).

Remember:These entities must also mark the key [00029] ≪Special regime in the Canary Islands» on page 1 of model 200.