Specialities in the calculation of the tax rate

1. Newly created entities

• The newly created entities regulated in article 29. 1 of the LIS that carry out economic activities, except that they pay taxes at a lower rate, in the first tax period in which the tax base is positive and In the next one, they will record in box box [00562] the result of carrying out the following operation:

  [00562] = [00552] x 15/100

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

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

    [00562] = [00552] x 15/100

  • If the tax base for the tax period is greater than 300,000 euros:

    [00562] = 300,000 x 15/100 + ([00552] – 300,000) x 20/100

    When these entities are in the previous case and their tax period has a duration of less than one year, the calculation of box [00562] will be:

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

      [00562] = [00562] x 15/100

    • If the tax base for the tax period is greater than 300,000 euros xd/365:

      [00562] = 300,000 xd/365 x 15/100 + ([00552] – (300,000 xd/365)) x 20/100

    Being «d» the number of days of duration of the tax period, understanding that when it is 1 year long it will contain, in any case, 365 days.

2. Entities of the Canary Islands Special Zone

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

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