Box 00079 ZEC entity in tax consolidation

This box must be checked by the branches of the Canary Islands Special Zone (ZEC) of entities with tax residence in Spain that apply the special tax rate of 4 percent provided for this Zone, and that, with effect for tax periods beginning on or after January 1, 2018, may form part of a tax group that applies the special tax consolidation regime provided for in Chapter VI of Title VII of the LIS .

This box allows to identify the entities that present two forms 200 , one in which they will check this box and declare the part of the tax base to which the ZEC tax rate will be applied, and another form 200, for the part of the tax base that is not taxed at the special tax rate and that will apply the special fiscal consolidation regime (in this form they should not check box [00079], but they should check boxes [00009] « Parent entity of tax group » or [00010] « Dependent entity of tax group », as appropriate).

These entities must also check box [00029] " Special regime for the Canary Islands " on page 1 of form 200.