News published in INFORMA 2025

News published in INFORMA in February

If the expenses that form part of the basis for the deduction of article 36.3 of the LIS are not expenses incurred in the Canary Islands , the increased deduction percentages with respect to those applicable in the common regime, nor the increased deduction application limits may not be applied.

Article 16 of the LIS, as amended by the Fifth Final Provision of Law 13/2023, of May 24, establishes that, in no case will income, expenses or rents that have not been integrated into the taxable base form part of the operating profit .

DF 8 of Law 7/2023, of December 23, incorporates through the forty-fourth transitional provision of the LIS, a transitional regime in tax rates applicable to small entities in the years 2025-2028.

DF 8 of Law 7/2023, of December 23, incorporates through the forty-fourth transitional provision of the LIS, a transitional regime in the tax rates applicable to entities whose INCN of the immediately preceding tax period is less than 1 million euros, in the years 2025-2026.

The transitional regime provided for in the forty-fourth transitional provision of the LIS will be applicable to cooperative entities that are considered micro-enterprises or small entities.

The fifteenth Additional Provision of the LIS, as amended by Law 7/2024, establishes, for tax periods beginning on or after January 1, 2024, a limitation on the offsetting of negative tax bases, for taxpayers whose net turnover is at least 20 million euros during the 12 months prior to the date on which the tax period begins.

An entity that participates in the financing of the production and exhibition of live performing arts and musical shows, carried out by a producing entity that generates the right to apply the deduction regulated by the Foral Norm 11/2013, of December 5, of the Corporate Tax of Vizcaya, may not apply the deduction regulated in article 39.7 of the LIS.

It is clarified which requirements must be met for the bonus for the provision of local public services to be applied of article 34 of the LIS.

Once the full quota has been reduced by the amount of the bonus article 34 of the LIS, if it results in an amount lower than the minimum net quota, calculated according to the regulations in section 1 of article 30 bis, said amount would be considered the minimum net quota.