Guide to business in Spain Guía de negocios en España


2. Central Government taxes


National taxes in Spain can be classified as follows:

  • Direct taxes:
  • On income:
  • Corporate income tax.
  • Personal income tax.
  • Nonresident income tax.
  • On assets (affecting only individuals):
  • Inheritance and gift tax.
  • Wealth tax.
  • Indirect taxes:
  • Value added tax (VAT).
  • Transfer tax and stamp tax.
  • Excise taxes.
  • Customs duties on imports.
  • Tax on insurance premiums.

Given its importance, we refer herein to the formal reporting obligation relating to assets and rights held abroad (introduced for the first time for year 2013), the breach of which affects personal income tax and corporate income tax.

2.1. Corporate income tax[1]

The regulation of corporate income tax, for fiscal years starting on or after January 1, 2015 (also referred to herein as "fiscal year 2015") is contained in Corporate Income Tax Law 27/2014, of November 27, recently approved, for which the relevant regulations are pending implementation (current Regulations, yet not derogated, are the ones approved by Royal Decree 1777/2004, of July 30). In this section, we describe the corporate income tax provisions pursuant to this new Law (which entails at times a radical change in the former provisions) although we refer, where we consider it to be of interest, to the transitional regimes established for this purpose. For a better understanding of the provisions in force prior to fiscal year 2015, we refer the reader to previous Doing Business publications.

[1]Exhibit I: Tax incentives for investment.

Guide to business in Spain

Tax system


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