Special rate | 30% | Credit institutions, exploitation of deposits and underground storage of hydrocarbons. |
General rate | 25% | Applicable to most companies. |
Special Rate | 20% | Tax-protected cooperatives in terms of cooperative results only. Rest at 25%. |
Reduced rate | 15% | Can be applied to newly created companies during the first two financial years on a positive base. |
Reduced rate | 10% | Entities under Law 49/2002, non-profit, charitable, public utility foundations. |
Reduced rate | 1% | “SICAV”(investment company with variable capital)of at least 100 shareholders, investment funds of at least 100 participants, real estate investment companies with more than 100 participants, etc. |
The requirements indicated for the application of the expressed types are only the essential ones. To know what other requirements must be fulfilled, please contact us to make a specific consultation.
AN IMPORTANT NEW FEATURE IS THAT PARTIALLY EXEMPTED ENTITIES, SUCH AS SPORTS CLUBS, NEIGHBOURHOOD ASSOCIATIONS, PENSIONERS’ ASSOCIATIONS, PARENTS’ ASSOCIATIONS, ETC. MUST SUBMIT CORPORATE TAX RETURNS, WHICH MEANS THAT THEY MUST KEEP ACCOUNTS IN ACCORDANCE WITH THE TAX RULES IN EFFECT. THE EXCEPTIONS ARE ONLY:
“…are not required to submit a declaration when they comply with the following requirements:
Their total income does not exceed 50,000 euros per year.
That the income corresponding to non-exempt income does not exceed 2,000 euros per year.
That all the non-exempt income they obtain is subject to withholding.
IF THE THREE CONDITIONS ARE NOT MET, THE PRESENTATION OF THE TAX IS OBLIGATORY AND TAXES WILL BE PAID ON THE PROFIT-MAKING ACTIVITIES.
See link to the Tax Office, by clicking here.