{"id":6590,"date":"2016-12-15T21:14:27","date_gmt":"2016-12-15T20:14:27","guid":{"rendered":"https:\/\/www.hesslerdelcuerpo.com\/corporate-taxation-in-spain\/"},"modified":"2016-12-15T21:14:27","modified_gmt":"2016-12-15T20:14:27","slug":"corporate-taxation-in-spain","status":"publish","type":"post","link":"https:\/\/www.hesslerdelcuerpo.com\/en\/corporate-taxation-in-spain\/","title":{"rendered":"Corporate taxation in Spain"},"content":{"rendered":"<p style=\"text-align: justify;\">The linchpin of corporate taxation in Spain is the local corporation tax.<\/p>\n<p style=\"text-align: justify;\">The general Spanish corporate income tax rate was 30% until a few years ago and was later reduced to 28% and now to 25% in 2016.<\/p>\n<p style=\"text-align: justify;\">In addition, there are reduced rates in special cases:<\/p>\n<ul>\n<li style=\"text-align: justify;\">Newly founded start-ups were able to claim a reduced tax rate of 15% in the 2015 and 2016 tax years. The main prerequisite was the commencement of a new activity. Although the reduction itself is only applicable for two financial years, it is only applicable from the first financial year that ends with a profit. There was already a comparable reduction in 2014. However, this only included a tax rate of 15% up to a maximum profit of EUR 300,000, and a rate of 20% for profits exceeding this amount.    <\/li>\n<li style=\"text-align: justify;\">For small and medium-sized companies with a turnover of less than 10 million euros in the previous financial year, the tax rate for 2016 is 25%. In 2015, this rate was still limited to the first 300,000 euros, and profits exceeding this amount were taxed at 28%. As a result of the general reduction to 25% for 2016, the progression from 25% to 28% no longer applies to profits in excess of EUR 300,000.  <\/li>\n<li style=\"text-align: justify;\">In 2014, the tax rate for micro-enterprises was 20 and 25 %. To be counted as a microenterprise, three conditions had to be met. The average annual number of employees had to be less than 25, the annual turnover had to be less than 5 million euros and the workforce had to be the same size or even have increased since this reduced rate was applied. However, there must actually be employees, i.e. a company in which only shareholders are active, or no staff apart from the managing directors, did not benefit from these reduced rates. However, if these conditions were met, 20 % was payable on the first 300,000 euros in profits and 25 % on profits in excess of this amount. In 2015 and 2016, the 25% rate became the general rate.     <\/li>\n<li style=\"text-align: justify;\">Cooperatives only pay 20% on the profits of their own activities. If the profits are not attributable to cooperative activities, the general rate applies. <\/li>\n<li style=\"text-align: justify;\">Charitable foundations and associations are also subject to corporation tax, but only pay the reduced rate of 10% if they have been classified accordingly and registered correctly.<\/li>\n<li style=\"text-align: justify;\">Mutual insurance associations and pension funds, professional chambers, trade unions and similar institutions also pay the reduced corporation tax rate of 25%.<\/li>\n<li style=\"text-align: justify;\">In the case of investment companies with variable capital (so-called SICAVs), investment funds and real estate investment funds, the corporation tax rate is reduced to 1%, provided there are at least 100 shareholders.<\/li>\n<\/ul>\n<p style=\"text-align: justify;\">Do you need advice on Spanish corporate tax law?<\/p>\n<p style=\"text-align: justify;\">We advise you in individual cases, but also take care of your routine obligations to the Spanish tax authorities.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The linchpin of corporate taxation in Spain is the local corporation tax. The general Spanish corporate income tax rate was 30% until a few years ago and was later reduced to 28% and now to 25% in 2016. In addition, there are reduced rates in special cases: Newly founded start-ups were able to claim a &#8230; <a title=\"Corporate taxation in Spain\" class=\"read-more\" href=\"https:\/\/www.hesslerdelcuerpo.com\/en\/corporate-taxation-in-spain\/\" aria-label=\"Read more about Corporate taxation in Spain\">Read more<\/a><\/p>\n","protected":false},"author":4,"featured_media":6339,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_robots_primary_cat":"41","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[121],"tags":[],"class_list":["post-6590","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tax-law","infinite-scroll-item","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.hesslerdelcuerpo.com\/en\/wp-json\/wp\/v2\/posts\/6590","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.hesslerdelcuerpo.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.hesslerdelcuerpo.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.hesslerdelcuerpo.com\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hesslerdelcuerpo.com\/en\/wp-json\/wp\/v2\/comments?post=6590"}],"version-history":[{"count":0,"href":"https:\/\/www.hesslerdelcuerpo.com\/en\/wp-json\/wp\/v2\/posts\/6590\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.hesslerdelcuerpo.com\/en\/wp-json\/wp\/v2\/media\/6339"}],"wp:attachment":[{"href":"https:\/\/www.hesslerdelcuerpo.com\/en\/wp-json\/wp\/v2\/media?parent=6590"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hesslerdelcuerpo.com\/en\/wp-json\/wp\/v2\/categories?post=6590"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hesslerdelcuerpo.com\/en\/wp-json\/wp\/v2\/tags?post=6590"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}