The corporate income tax rate will be reduced to 23% if the annual turnover is less than 1,000,000 euros, as from January 1, 2023.
The rest of the companies will continue to be taxed at 25%, except for the specific rates foreseen for hydrocarbon activities, investment funds, credit institutions, etc.
It is important to correct the tax credits, which in the accounting records are calculated at 25%, which will have to be done at the end of the 2022 fiscal year.
Cigarrán Lawyers continues to be at the disposal of its clients, attending to their needs in these and other matters. info@cigarran.com — Tel. (+34) 91 355 85 15
