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 identify to the entities that submit two 200 modelsOne form, in which they will tick this box and declare the portion of the taxable base to which the ZEC tax rate will be applied, and another form 200, for the portion of the taxable base that is not taxed at the special tax rate and that will apply the special tax consolidation regime (in this form they should not tick box [00079], but they should tick the boxes [00009] "Controlling entity of a tax group" or [00010] "Entity dependent on a tax group", as applicable).

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