Tax rate and tax liability

Regulation: Article 115 LIS

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 general rate of the Corporate Tax is applied to both the part of the tax base derived from the application of the special regime and the part of the tax base derived from the rest of the activities that the entity may carry out and that are subject to the general rules of the tax.

The part of the full quota derived from applying the general tax rate to the tax base determined under the objective estimation regime , may not be reduced by the application of any type of deduction or bonus. Likewise, the acquisition of vessels affected by this regime will not entail the application of any tax incentive or deduction.

The part of full quota that comes from the remainder of the taxable 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.

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, on 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.