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Form 200. Corporate Income Tax Declaration 2019

4.3.2.1 Scope of application

The taxpayers indicated below may apply this tax incentive:

  • Those who pay taxes at the general rate of 25% percent provided for in article 29.1 of the LIS .

    This general rate also includes newly created entities that carry out economic activities and pay taxes at the rate of 15 percent in the first tax period in which the tax base is positive and the following one.

  • Credit institutions, as well as entities dedicated to the exploration, research and exploitation of underground hydrocarbon deposits and storage, apply a tax rate of 30 percent, as provided for in article 29.6 of the LIS.