SPANISH CORPORATION TAX FOR 2008

Starting this accounting year (1/1/08) the Spanish corporation tax rate is 30%. It is important to notice that Small and Medium Enterprises (PYME) will have a reduced rate, which works as follows:

25% Corporation Tax rates for profits up to 120,202 Euros

30% for profits above the 120,202 Euros threshold

There are several other important considerations regarding International Accounting Standards, which we will be discussing in subsequent notes.

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International Tax Law Barrister, Lawyer, Abrogado & Attorney, Leon Fernando del Canto of Konsilia, offering services relating to international tax planning, tax advice, private clients, international law, serving Spain, United Kingdom, Europe.

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