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Practical Manual for Companies 2020.

Declaration characters (page 1 of Form 200)

  • Box [00029] «Special regime for the Canary Islands».

    All entities applying the special regime of the ZEC must first check this box. They must then tick one of the boxes explained below.

  • Box [00015] "ZEC Entity (without tax consolidation)"

    This box will be checked by entities that apply the special regime of the ZEC and that are not part of a tax group that applies the tax consolidation regime provided for in Chapter VI of Title VII of the LIS .

  • Box [00079] «ZEC entities in fiscal consolidation»

    With effect for tax periods beginning on or after January 1, 2018, the branches of the ZEC of entities with tax residence in Spain that apply the special tax rate of 4 percent provided for this Zone, may form part of a tax group that applies the tax consolidation regime provided for in Chapter VI of Title VII of the LIS.

    This box allows you to identify those entities that must submit two Model 200s:

    • A model 200, in which they will mark the box [00079] and in which they will declare the part of the taxable base to which the special tax rate of the ZEC will be applied.

      This declaration must be completed only with data relating to the ZEC branch of entities with tax residence in Spain, both on the pages dedicated to the Balance Sheet, Profit and Loss Account and Statement of Changes in Net Assets, as well as the data relating to the liquidation.

    • Another model 200, in which the part of the taxable base that is not taxed at the special tax rate and that will apply the tax consolidation regime will be declared.

      In this form 200 box [00079] should not be checked, but boxes [00009] “Dominant entity of a tax group” and [00010] “Dependent entity of a tax group” should be checked, as appropriate.

      This declaration must be completed only with data relating to the entity that is part of a tax group and that is not attributable to the ZEC branch, that is, the data relating to the individual tax base of the entity must be included for the purposes of determining the tax base of the tax group, both on the pages dedicated to the Balance Sheet, Profit and Loss Account and Statement of Changes in Net Assets, as well as the data relating to the liquidation of the part that will apply the tax consolidation regime.