Corporate reduced tax rate. Who can apply it?

Corporate tax reduced rate. Do you know when you can’t apply it?

Corporate tax for spanish companies is 25%, no matter in which province in Spain your company is situated.
Resident companies are taxed on their worldwide income, samely as natural persons.

Newly created companies are taxed at a 15% tax rate, which applies to the first two years in which the company obtains a taxable profit.

This tax rate does not apply to:

• equity companies (i.e. companies that do not carry on business activity),

• newly created companies that are part of a national or international group,

• if the company’s business activity was previously carried on by a related company or individual.

Want to know about the ways to reduce corporate tax liability? Read them in the blog of our tax expert @ggaleeva_bcn and leave your doubts in comments below!