Approach

If among the goods or rights of economic content computed for the determination of the tax base, there is one located or that should be exercised or fulfilled in Ceuta and Melilla and its dependencies, the tax rate will be reduced by 75 percent. 100 of the part thereof that proportionally corresponds to the aforementioned assets or rights.

This bonus will not apply to non-residents in said Cities, except in the case of securities representing the share capital of legal entities domiciled and with a corporate purpose in the aforementioned places, or in the case of permanent establishments located in them.

The part of the quota to which the bonus is applied 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 tax base and multiplying said quotient by the full quota. That is to say:

VN x Full quota ÷ Taxable base