2.7.2.3 Canary Islands Special Zone Entity (ZEC) in fiscal consolidation

As a new feature for the 2019 fiscal year, this key must be marked by 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 effect for tax periods beginning on or after January 1, 2018, may form 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 to identify the entities that present two models 200, one in which they will mark this key and declare the part of the taxable base to which the ZEC tax rate will be applied, and another model 200, for the part of the taxable base that is not taxed at the special tax rate and that will apply the special fiscal consolidation regime (in this model they should not mark the key [00079], but the keys [00009] ≪"Dominant entity of a tax group" or [00010] ≪"Subsidiary entity of a tax group", as appropriate).

Remember:These entities must also enter the key [00029] ≪"Special regime for the Canary Islands" on page 1 of form 200.