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Practical Manual of Companies 2021.

Declaration characters (page 1 of Form 200)

  • Box [00029] “Canary Islands special regime”.

    All entities that apply the special regime of the ZEC must first check this box. Subsequently, they must check one of the boxes explained below.

  • Box [00015] “ZEC entity (without tax consolidation)”

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

  • Box [00079] “ZEC entities in tax consolidation”

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

    This box allows to identify these entities that must present two 200 forms:

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

      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 Balance Sheet, Profit and Loss Account and Statement of changes in net worth, as well as the data related to liquidation.

    • Another form 200, in which the part of the tax 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 the box [00079] should not be checked, but the boxes [00009] "Dominant entity of tax group" ## should be checked ##2 and [00010] “Entity dependent on tax group”, as the case may be.

      This declaration must be completed only with data related to the entity that is part of a tax group and that is not attributable to the ZEC branch, that is, data related to the individual tax base of the entity must be incorporated for the purposes of the determination of the tax base of the tax group, both in the pages dedicated to Balance Sheet, Profit and Loss Account and Statement of changes in net worth, as well as the data related to the liquidation of the part that will apply the consolidation regime fiscal.