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Practical Handbook for Companies 2021

Special features in the calculation of the tax base

With effect for tax periods beginning on or after 1 January 2021 that have not ended on 11 July 2021, Law 11/2021 establishes in Article 76.4 of Law 19/1994, of 6 July, amending the Canary Islands Economic and Fiscal Regime, that the tax losses derived from the activities that generate the right to apply the special regime for ships and shipping companies in the Canary Islands, may not be offset with tax losses derived from the rest of the entity's activities, either in the current year or in subsequent years.

For these purposes, in order to calculate the tax base, taxpayers must differentiate in boxes [01576] "Part of the tax base arising from carrying out activities to which the special regime applies" and [01577] "Part of the tax base arising from carrying out other activities" on page 14 of Form 200, the amount of the tax base derived from the activities that give entitlement to apply the special regime for ships and shipping companies in the Canary Islands, from the amount of the tax base arising from carrying out other activities, taking into account that the negative tax bases declared in box [01576] cannot be offset against the positive tax bases of the other activities.Therefore:

  • If box [01576] is positive or equal to 0:

    [01330] = [01576] + [01577]

  • If box [01576] is negative:

    [01330] = [01577]

Remember:

In order to complete boxes [01576] and [01577], you must first tick box [00029] "Régimen especial Canarias" on page 1 of form 200.