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.
Tags: Holding Companies