Approach

If among the assets or rights of economic content computed for the determination of the tax base, there is any located or that should be exercised or fulfilled in Ceuta and Melilla and their dependencies, the tax rate will be discounted by 75% of the part thereof that proportionally corresponds to the aforementioned assets or rights.

This bonus will not apply to non-residents of these cities, except in relation to securities representing the share capital of legal entities domiciled and with corporate purpose in the aforementioned cities, or in the case of permanent establishments located there.

The portion of the tax to which the bonus applies can be calculated by dividing the net value corresponding to the assets and rights located in Ceuta and Melilla and their dependencies (VN) by the taxable base and multiplying this quotient by the total tax. That is to say:

VN x Total share ÷ Taxable base