Examples: Small company

1. Mrs. VGC has been the owner of a company since 1996 with a net turnover of:
   • Exercise 2016: 3,700,000 euros.
   • Exercises 2017 and 2018: 8,300,000 euros.
   • Exercise 2019: 10,045,000 euros
2. Mr. JLT He owns a company with a net turnover of 10,100,000 euros in 2018.
3. Mr. SMG Since 1 July 2018, he has been the owner of a company with a net turnover of 4,600,000 euros as of 31 December of that year.
4. Mrs. ABM Since 30 September 2019, he has been the owner of a company with a net turnover of 60,000 euros as of 31 December of that year.

Determine the companies that in 2019 are considered small companies

Solutions:

1. The company described is small in size in 2019, as its net turnover in 2018 is less than 10 million euros. Furthermore, even if the turnover in 2018 exceeded 10 million euros, the tax benefits of this special regime may continue to be applied in 2020, 2021 and 2022, since both in 2019 and in the two previous years, 2018 and 2017, it met the net turnover limits to be considered small (less than 10 million euros in 2018, 2017 and 2016).
2. The company described is not small in size in 2019, regardless of its net turnover in that year.
3. The company described is of small size in the 2019 financial year, since the net amount of its turnover in the 2018 financial year raised to the year was 9,200,000 euros, so it does not exceed the established figure of 10 million euros.
4. The company described is small in size in 2019. It should also be noted that this tax classification will also be applicable in the 2020 financial year, because by increasing the net amount of the turnover to the year, the resulting amount (240,000 euros) does not exceed the maximum amount set of 10 million euros.