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

Entities that have taken advantage of the special tax regime for shipping entities based on the tonnage regulated in Chapter XVI of Title VII of the LIS will calculate the corresponding part of the tax base to the operation, ownership and, where applicable, technical and crew management , of the vessels included in the regime, through the application of 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 of the vessels, which will replace the operating result of these vessels. Therefore, it will be necessary to adjust the result of the profit and loss account to eliminate the part derived from the activities covered by the special regime.

For these purposes, these entities must make the following adjustments in boxes [00397] and [00398] "Regime of shipping entities based on tonnage (Chapter XVI of Title VII LIS)" from page 13 of model 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 entered in box [00397] of increases.

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