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Practical Handbook for Companies 2021

Common note on rebates

The amount to be entered in the boxes relating to the allowances referred to in the previous sections is calculated by applying the percentage allowance applicable in each case to the part of the gross tax liability (box [00562]):

  • In the case of the cooperative societies, this amount shall be calculated by applying the rebate percentage applicable in each case to the part of the previous gross tax liability (box [00560]) in relation to box [00566] "Allowances for Cooperative Societies (Law 20/1990)".

  • The allowances applicable to shipping companies in the Canary Islands under the terms established in article 76 of Law 19/1994, of 6 July, amending the Economic and Fiscal Regime of the Canary Islands (box [00581]), will be calculated by applying the percentage allowance corresponding to the part of the gross tax liability, less deductions for double taxation, which corresponds to the income entitled to the allowance.

  • Likewise, according to the provisions of article 9 of Law 11/2009, of 26 October, which regulates Listed Public Limited Companies for Investment in the Real Estate Market, entities that opt for the special regime of SOCIMI, and which are therefore taxed at a tax rate of 0 percent, will not be subject to the system of deductions and allowances established in Chapters II, III and IV of Title VI of the LIS.