Adjustments arising from the application of the special system (page 13 of form 200)

Entities that have opted for the special tax regime for shipping entities based on tonnage regulated in Chapter XVI of Title VII of the LIS , will calculate the part of the taxable base that corresponds to the operation, ownership and, where applicable, technical and crew management , of the vessels included in the regime, by applying the rules contained in article 114 of the LIS. These rules involve, in summary, the application of a scale to the number of net registered tons of each vessel, which will replace the operating results of these vessels. Therefore, it will be necessary to adjust the result of the profit and loss account to eliminate the part that derives from the activities covered by the special regime.

For these purposes, these entities must make the following adjustments in boxes [ ] and [00398] "Regime for shipping entities based on tonnage (Chapter XVI of Title VII LIS)" on page 13 of form 200:

• If the part of the result of the profit and loss account that is derived from the activities covered by the special regime is negative , its amount will be recorded in box [00397] of increases.

• If on the other hand it is positive , it must be entered in the box [00398] of decreases.