Tax rate
The tax rates applicable to tax periods beginning in 2017, 2018, 2019, 2020, 2021 and 2022 (Art. 29 and DT 34ª LIS) are the following:
| TAXPAYERS | INTEREST RATES | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|---|
| General rate | 25% | 25% | 25% | 25% | 25% | 25% | |
| Newly created entities of article 29.1 of the LIS that carry out economic activities, except those that are taxed at a lower rate, will apply this scale the first period with a positive BI and the following | 15% | 15% | 15% | 15% | 15% | 15% | |
| Newly created entities established between 1-1-2013 and 31-12-2014 that carry out economic activities, which according to the DT 22 of the LIS can continue applying the rate established in the DA 19 of the RD leg. 4/2004, in the first tax period in which the tax base is positive and in the following one: | |||||||
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15% | 15% | 15% | 15% | 15% | 15% | |
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20% | 20% | 20% | 20% | 20% | 20% | |
| Non-profit organisations that do not meet the requirements of Act 49/2002 | 25% | 25% | 25% | 25% | 25% | 25% | |
| Credit cooperative and rural savings banks | Cooperative result | 25% | 25% | 25% | 25% | 25% | 25% |
| Extra-cooperative result | 30% | 30% | 30% | 30% | 30% | 30% | |
| Fiscally-protected cooperatives | Cooperative result | 20% | 20% | 20% | 20% | 20% | 20% |
| Extra-cooperative result | 25% | 25% | 25% | 25% | 25% | 25% | |
| Public limited investment companies listed on the property market (SOCIMI) (Law 11/2009) | In general | 0% | 0% | 0% | 0% | 0% | 0% |
| Special tax on distributed profits | 19% | 19% | 19% | 19% | 19% | 19% | |
| Special tax on undistributed profits | 15% | 15% | |||||
| Non-profit organisations complying with Act 49/2002 | 10% | 10% | 10% | 10% | 10% | 10% | |
| Entities of the Canary Islands Special Zone (Art. 43 Law 19/1994) | 4% | 4% | 4% | 4% | 4% | 4% | |
| SICAV with certain conditions indicated in art. 29.4 LIS which refers to Law 35/2003 on Collective Investment Institutions | 1% | 1% | 1% | 1% | 1% | 1% | |
| Financial investment funds of Law 35/2003 with certain conditions | 1% | 1% | 1% | 1% | 1% | 1% | |
| Real estate investment companies and funds with certain conditions indicated in art. 29.4 LIS | 1% | 1% | 1% | 1% | 1% | 1% | |
| Mortgage market regulation funds | 1% | 1% | 1% | 1% | 1% | 1% | |
| Pension funds regulated by Royal Legislative Decree 1/2002 | 0% | 0% | 0% | 0% | 0% | 0% | |
| Organisations engaged in exploration, research and exploitation of hydrocarbon deposits and other activities regulated by Law 34/1998 | 30% | 30% | 30% | 30% | 30% | 30% | |
| Activities related to refining and any other activities other than exploration, research, exploitation, transportation, storage, purification and sale of extracted hydrocarbons or the activity of underground storage of hydrocarbons owned by third parties | 25% | 25% | 25% | 25% | 25% | 25% | |
| Credit institutions | 30% | 30% | 30% |
30% |
30% | 30% |
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As of 1 January 2023 a reduced tax rate of 23% is introduced for entities whose net turnover for the immediately preceding tax period is less than 1 million euros.
For these purposes, the net amount of the turnover will be determined in accordance with the provisions of sections 2 and 3 of article 101 of the LIS .
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Start-up companies , in accordance with Law 28/2022, of December 21, to promote the ecosystem of start-up companies, will be taxed at the rate of 15% under the terms established in section 1 of article 29 of the LIS in the first tax period in which, having the status of an emerging company, the tax base is positive and in the following three, provided that they maintain said status.
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The tax rates applicable for tax periods beginning in 2025 are as follows:
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General tax type: 25%.
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Small entities (article 101 of Law 27/2014):
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definitive regime: 20%.
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Transitional regime:
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Tax periods beginning within year 2025: 24%.
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Tax periods beginning within year 2026: 23%.
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Tax periods beginning within year 2027: 22%.
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Tax periods beginning within year 2028: 21%.
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Micro-enterprises (companies whose INCN of the immediately preceding tax period is less than 1 million euros):
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definitive regime:
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For the part of taxable base between 0 and €50,000, at the rate of 17% .
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For the remaining part of tax base, at the rate of 20%.
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Transitional regime:
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Tax periods beginning within 2025:
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For the taxable base between €0 and €50,000, at the rate of 21% .
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For the remaining part of the tax base, at the rate of 22% .
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Tax periods beginning within 2026:
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For the taxable base between 0 and 50,000€, at the rate of 19%.
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For the remaining part of the tax base, at the rate of 21%.
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Newly created entities that carry out economic activities: 15% in the first tax period in which the tax base is positive and in the following one.
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Fiscally protected cooperatives will be taxed on cooperative results at the tax rates resulting from reducing by three percentage points the tax rates provided for in the first section of article 29 of the LIS (25, 20, 17 and 15%, as appropriate) provided that the resulting rate does not exceed 20%. The rates provided for in section 1 of article 29 of the LIS will be applied to non-cooperative results.
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Credit cooperatives and rural banks will be taxed at the tax rates provided for in section 1 of article 29 of Law 27/2014, except for non-cooperative results, which will be taxed at a rate of 30%.
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Transitional regime for cooperatives: transitional regime provided for in the forty- transitional of Law 27/2014 shall apply to cooperative entities that considered microenterprises or small-sized entities.
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Startups: 15% in the first tax period in which, having the status of emerging company, the BI is positive and in the following three.
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General insurance mutuals, social security entities, mutual guarantee societies, SGR reinsurance societies, partially exempt entities, political parties, communities holding communally owned forests: 25%.
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Special types of tax, include:
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Credit institutions and entities dedicated to the exploitation, research and exploitation of hydrocarbon deposits and underground storage facilities (Law 34/1998): 30%.
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Non-profit entities that apply the tax regime provided for in Law 49/2002: 10%.
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Entities covered by the Economic and Fiscal regime of the Canary Islands (ZEC – Canary Islands Special Zone): 4% for the part of BI corresponding to operations actually carried out in the ZEC.
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Investment Companies and Funds, Bank Asset Funds, SICAVs and Mortgage Market Regulation Funds: 1%.
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Pension funds (R. D. leg. 1/2002): 0%.
- SOCIMI (Law 11/2009): 0%, except for dividends or profit shares distributed to partners with a stake in the entity greater than or equal to 5%, when said dividends at the headquarters of their partners are exempt or are taxed at a tax rate of less than 10%, which are taxed at 19%.
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