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Practical Handbook for Companies 2021

Specialities in the calculation of the tax rate

1.Newly created entities

  • The newly created entities regulated in Article 29.1 of the LIS who carry out economic activities, unless they are taxed at a lower rate, in the first tax period in which the taxable base is positive and in the following one, shall enter in the box [00562] the result of carrying out the following operation:

    [00562] = [00552] x 15/100

  • The newly created entities set up between 1-1-2013 and 31-12-2014 that carry out economic activities, and which according to the twenty-second transitory provision of the LIS can continue to apply the tax rate established in the nineteenth additional provision of the RDLeg. 4/2004, in the first tax period in which the tax base is positive and in the following period, shall enter in box [00562] the result of the following operation:

    • If the taxable income for the tax period is equal to or less than 300,000 euros:

      [00562] = [00552] x 15/100

    • If the taxable income for the tax period exceeds 300,000 euros:

      [00562] = 300.000 x 15/100 + ([00552] - 300.000) x 20/100

      Where such entities are in the above situation and their tax period is less than one year, the calculation of box [00562] shall be:

      • If the tax base for the tax period is equal to or less than 300,000 euros x d/365:

        [00562] = [00562] x 15/100

      • If the tax base for the tax period is more than 300,000 euros x d/365:

        [00562] = 300.000 x d/365 x 15/100 + ([00552] - (300.000 x d/365)) x 20/100

      Where "d" is the number of days of the tax period, it being understood that when the tax period is 1 year long it will contain, in any case, 365 days.

2.Companies of the Canary Islands Special Zone

In the case of these entities, the amount to be entered in box [00562] shall be the result of the following operation:

[00562] = [00559] × ([00558]/100) + ([00552] - [00559]) × 25/100