Corporate tax services in Spain
Over the past few years, Spain has grown in popularity among business owners and new entrepreneurs and is quickly becoming one of the top destinations, worldwide, for companies to begin start business ventures. It is important to remember, however, that the business tax rules can be very different in every country and in order to ensure total success of your business, knowing all the ins and outs of Spanish Tax law is extremely important. Lusa Legal is a Spanish based, international law firm with a team of specialists that can help you with all of your business tax needs. From taking advantage of all the available tax deductions, to ensuring that your taxes are filed on time, we can take the stress and hassle out of paying taxes and leave you to focus on making your business a success in Spain.
What do you need to know about Corporate Tax in Spain?
The corporate tax rate in Spain is dependent on many factors, which is one of the reasons that filing business tax in Barcelona or anywhere in Spain, can often be a confusing task. Some main determining factors for calculating company tax in Spain are: the amount of profit that was generated during the previous tax year, the size of the business, the nature of the business and the industry that the business falls into. The standard, starting corporate income tax rate in Spain is 25% however new companies will receive a reduced rate of 15% during the first 2 years of operation.
A general rule of thumb when it comes to taxation is the bigger the business and the larger the annual profits, the higher the Spain corporate tax rate and therefore the more taxes that will have to be paid.
When is Business Tax in Spain Payable?
Business tax in Spain is calculated based off of the previous year’s taxable revenue and should be declared between July 1st and 25th. However, if the result of the last Business tax was positive the company should also declare in three different instalments throughout the calendar year. These instalments are due in the months of April, October and December.
We will help you with business taxation in Spain
Nobody wants to pay more taxes than is necessary, so it’s important that all businesses take advantage of as many tax breaks and deductions as possible, and we are here to assist with that. We know just how important it is to spend the majority of your time focusing on the wellbeing of your business and doing everything in your power to ensure its growth, that is why the team at Lusa Legal makes it our responsibility to take your taxes into our hands. Our in depth knowledge of the Spanish tax system will ensure that you pay only what you need to, and we can do all the work for you, ensuring your taxes are paid on time and are up-to-date. Take the worry out of your corporate taxes and trust us to handle your business for you. Call us today to find out how we can help: +34 605 33 60 90.
* Estimated service price, total amount will depend on the particular case and additional services required.
VAT is not included in the price.