# 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