Taxes in Europe Database v2
Law 27/2014 of 27 November on the Corporate Income Tax
The central government and certain autonomous communities: Basque Country and Navarra.
The whole Spanish territory except in the Basque Autonomous Community and Navarra (they have their own regulations).
Depending on the type of building: Commercial buldings (2%) & Industrial buldings (3%).
Depending on the type of assets: 8.00 - 50.00%.
Depending on the type of assets: 2-15%.
Net financial expenses are deductible with a ceiling of 30% of the operating profit, subject to a maximum of EUR 1 million.
For tax year 2015, tax losses offsetting is limited to 25% or 50%, under certain circumstances. For tax year 2016, the limit is 60%, and 70% for the tax year 2017.
Outgoing dividends withholding tax rates
0.00 - 15.00 %
19.00 - 21.00 %
Outgoing interest payments withholding tax rates
CFC-rules apply if foreign tax rate is lower than 75% of the equivalent ES tax liability
These rules do not apply to EU-controlled subsidiaries if the Spanish shareholder proves that the incorporation of the foreign entity was undertaken for sound business reasons and such entity carries on business activities.Special rules apply to subsidiaries in the EU/EEA member state and in territories of tax havens.
See comments treaty countries.
Last day of the tax year.
The Spanish State Tax Administration.
Payment is made through three instalments, with a subsequent final settlement by means of a return to be filed within 25 calendar days of the end of the six months following the relevant tax period.
Deferment of tax
Company restructuring operations (mergers, divisions, transfers of assets and exchanges of shares) enjoy tax neutrality.
Special features (special schemes)
Negative tax bases may be carried forward to offset positive tax bases generated.
Newly founded companies may begin counting the carry-over period from the tax year in which their tax base first becomes positive.