Specialties in calculating the tax base

With effect for tax periods beginning on or after January 1, 2021, that did not end on July 11, 2021, Law 11/2021, article 76.4 of Law 19/1994, of July 6, modifying the Economic and Fiscal Regime of the Canary Islands, establishes that the negative tax bases 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 positive tax bases derived from the rest of the entity's activities, neither in the current nor in subsequent years.

Consequently, in order to calculate the taxable base for the tax period of shipping companies, it has been necessary to include on page 15 of form 200 for the 2022 financial year a breakdown table of the compensation of negative tax bases in which said companies can separately detail the part that corresponds to the activities that generate the right to apply the special regime for ships and shipping companies in the Canary Islands, from that corresponding to the activities that do not generate this right.

1. Filling in form 200
2. Practical examples