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Form 200. Corporate Income Tax Declaration 2019

7.1.8 Bonuses for shipping companies in the Canary Islands

In key [00581] "Bounties for shipping companies in the Canary Islands (art. 76 Law 19/1994)" on page 14 of form 200, the sum of the bonuses in the fee to which, where applicable, the reporting entity is entitled, among the bonuses regulated in article 76 of Law 19/1994, of July 6, amending the Economic and Fiscal Regime of the Canary Islands, will be recorded, provided that its application is not excluded due to incompatibility with the receipt of certain State aid or conditioned by the corresponding Community guidelines or its enjoyment is prevented until the reimbursement of the State aid received and declared legal and incompatible with the common market.

The bonuses regulated in article 76 of Law 19/1994 are the following:

  • Bonus of article 76.1 of Law 19/1994

    This bonus will be applied under the following terms:

    • Bonus percentage : 90 percent.

    • Entities affected by : The companies of ships that are assigned to regular services between the Canary Islands and between these and the rest of the national territory, as long as these ships cannot be registered in the Special Register of Ships and Shipping Companies referred to in article 73.1 of Law 19/1994.

    • Bonified income : The portion of the rate of this tax resulting after applying, where applicable, deductions for double taxation, which corresponds to the part of the taxable base that is applicable in the operation carried out by shipping companies relating to the regular services referred to in the previous paragraph.

  • Rebate under Article 76.2 of Act 19/1994

    • Bonus percentage : 90 percent.

    • Entities affected by : Shipping companies that have vessels registered in the Special Register of Vessels and Shipping Companies referred to in Article 73.1 of Law 19/1994.

    • Bonified income : The portion of the tax rate resulting after applying, where applicable, deductions for double taxation, which corresponds to the part of the taxable base that comes from the exploitation carried out by the vessels registered in said Special Registry.

Common note on bonuses:

These bonuses of article 76 of Law 19/1994 are incompatible with those applicable to ZEC entities (Canary Islands Special Zone), since the latter are taxed under their special regime.