Calculation

Article 10.1 of the LIS establishes that the taxable base will be constituted by the amount of income obtained in the tax period reduced by the compensation of negative tax bases from previous tax periods.

Likewise, article 25 of the LIS regulates the capitalization reserve by which some taxpayers may apply a reduction in the previous tax base of 10 percent of the amount of the increase in their equity.

Therefore, when offsetting negative tax bases from previous tax periods (box [00547]), and/or applying the capitalization reserve (box [01032]) on the previous tax base (box [00550]), the amount to be entered in box [00552] Tax base" on page 14 of form 200 will be the result of performing the following operation:

[00552] = [00550] - [01032] - [00547]

This operation is not applicable in the case of the special regime for ships and shipping companies in the Canary Islands (i.e. in cases where box [00069] has been previously checked). These entities must break down the tax base after the capitalisation reserve prior to offsetting tax bases from previous years, since offsetting negative tax bases of the activities that generate the right to apply this special regime with positive tax bases derived from the rest of the activities, neither from the current year nor from previous years, is not permitted.