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The general CIT rate in Spain is 25%. Company tax returns must be filed within six months and 25 days after the end of the accounting period. Super reduced rate of 4%, applied on basic necessities other than those classified under the reduced rate (e.g. This site uses cookies to collect information about your browsing activities in order to provide you with more relevant content and promotional materials, and help us understand your interests and enhance the site. Employers should deduct this amount from the amounts that they pay to employees.
The general rate of corporate tax in Spain is 25%. Error!
As regards limits, the tax may not exceed 15% of the presumed average profits of the business/professional activity. Spain Business Morale Below Pre-Pandemic Levels, Spain CPI Falls Less than Expected in September, Spain Producer Price Deflation Eases in August, Spain Industrial Output Slips Less than Expected, Spain Consumer Morale Falls Further in August, Macedonia Industrial Output Continues to Contract, South African Rand Little-Changed after Jobs Data, Portugal Retail Sales Extend Drop for 6th Month, Irish Jobless Rate at 21-Month High of 5.4% in September. Note: Tax rates are checked regularly by KPMG member firms; however, please confirm tax rates with the country's tax authority before using them to make business decisions.
Stamp duty is also levied on certain commercial (e.g. The business and professional activities tax is a local direct tax levied annually on the performance in Spain of business, professional, or artistic activities, whether or not they are carried out on a particular premises. Corporate taxation: Rates Corporate income tax rate 25% (in general) Branch tax rate 25%, plus 19% tax on after-tax profits remitted to foreign head office (if applicable) Capital gains tax rate 0%/25% Residence – A company is resident in Spain if it is incorporated under Spanish law, it has its registered companies that do not carry on business activity) or to newly created companies that are part of a national or international group. A transfer tax, which is usually 5% to 11%, depending on the region, is generally levied on inter vivos transfers, including real estate transfers and real estate leases that are exempt from VAT. Employees are also required to pay social security contributions.
Employers are required to pay social security contributions. Visit our. For this purpose, mergers, spin-offs, exchanges of shares, and certain in-kind contributions are considered to be restructuring transactions. Spain.
Corporate tax in Spain. 4%.
Other rates can apply for special entities. By continuing to browse this site you agree to the use of cookies.
The rate of withholding is a progressive rate of between 19% and 45%, depending on the employee’s personal circumstances and income.
Many goods imported into Spain from outside the European Union are subject to customs duties.
Stamp duty is incompatible with transfer tax and capital duty, but compatible with VAT. A 1% capital duty is levied on capital reductions and company dissolution, and is payable by the shareholders. For permanent establishments (PEs) in Spain of foreign companies, non-resident income tax (NRIT) is chargeable on income that may be allocated to the PE at a 25% tax rate. Resident companies are taxed on their worldwide income.