Calculation

Article 10.1 of the LIS establishes that the tax base will be constituted by the amount of the 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 the 10 percent of the amount of the increase in its own funds.

Therefore, when negative tax bases from previous tax periods are offset (box [00547]), and/or the capitalization reserve is applied (box [01032]) on the previous tax base (box [00550]), the amount to be entered in box 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 (that is, in cases where the box [00069] has been previously checked). These entities must break down the tax base after the capitalization reserve prior to offsetting tax bases from previous years, since offsetting the negative tax bases of the activities that generate the right is not permitted. to the application of this special regime with positive tax bases derived from the rest of the activities, neither from the current fiscal year nor from previous fiscal years.