Payments in instalments

Regulation: Article 116 LIS

Taxpayers who opt for this special regime must make fractional payments in accordance with the modality established in article 40.3 of the LIS applied to the taxable base calculated in accordance with the rules established in article 114 of this Law and applying the percentage corresponding to the general tax rate regulated in article 115 of the LIS, without computing any deduction on the part of the quota derived from the part of the taxable base determined in accordance with the provisions of article 114.1 of the LIS.

For these purposes, in models 202 and 222, by checking the box "Entity that applies the regime for shipping entities based on tonnage" the percentage of 25 percent is automatically recorded.

In accordance with the amendment to the Fourteenth Additional Provision of the LIS, introduced by article four of Law 8/2018, of November 5, which modifies Law 19/1994, of July 6, amending the Economic and Fiscal Regime of the Canary Islands, is excluded from the minimum fractional payment to entities that pay taxes under the special tonnage regime.

For these taxpayers, in the case of companies with a turnover of 10 million euros or more the minimum amount of the split payment will not apply, so the form for completing model will not calculate minimum amount to be paid).

In the case of entities whose tax base is determined in part according to the objective estimation method and in part by applying the general regime of tax (activities not included in the special regime), in addition to marking the box "Entity that applies the regime for shipping entities based on tonnage" in form 202, they must also mark the box "Other entities with the possibility of applying two tax rates".

In these cases, 25/25N will be entered in the box "Current Corporate Tax Rate".

In section "B.2 Specific cases (entities with more than one percentage)" , in box 20 (rate 1 basis) the basis for the split payment corresponding to the entity's activities that are taxed under the general regime will be included and in box 23 (rate 2 basis) the basis for the split payment corresponding to the entity's activities that are taxed under the special regime will be included.

Likewise, these entities whose tax base is determined in part according to the objective estimation method and in part by applying the general tax regime, in the case of entities with turnover of an amount equal to or greater than 10 million euros, the declarant must include in box 33 (minimum to be paid) the amount that, where applicable, corresponds to the activities included in the general regime, since these activities are not excluded from the minimum fractional payment. This information must be provided directly by the declarant.