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Practical Manual of Companies 2020.

Box 00079 ZEC entity in tax consolidation

branches of the Canary Islands Special Zone (ZEC) of entities with tax residence in Spain that apply the special tax rate of 4 percent must check this box ##2##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 box allows you to identify entities that present two forms 200 , one in which they will check this box and declare the part of the tax base to which the tax rate of the ZEC, and another model 200, for the part of the tax base that is not taxed at the special tax rate and that the special tax consolidation regime will apply (in this model you should not check the box [00079], but you should check the boxes [ 00009] “Dominant entity of tax group” or [00010] “Dependent entity of tax group”, as applicable).

These entities must also check the box [00029] “Canary Islands special regime” on page 1 of the model 200.

You can consult the particularities of the tax regime applicable to ZEC entities in Chapter 12 of this Practical Manual.