| Corporate Tax on Income and Gains |
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| General rate |
30% |
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| Companies where turnover < €10 million: |
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| - Rate on first €300,000 of profits |
25% |
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| Small and medium sized companies: |
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| - Rate on first €300,000 of profits |
20% |
| - Rate on excess profits |
25% |
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| Local Business Tax |
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| Annual levy where turnover > €1 million. Rate depends on activities and size of premises but not more than 15% of presumed notional average profits for activity in question. |
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| Real Estate Taxes |
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| Annual tax on cadastral value of property |
0.3% - 0.4% |
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| Urban land appreciation tax. Charged on seller at a rate reflecting length of ownership. |
| Maximum rate : |
30% |
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| Stamp Duty on purchase of property |
6% - 7% |
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| Non-Resident Companies Annual Property Tax* |
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| As percentage of cadastral value |
3% |
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| *Exemption where controlled by residents of a tax treaty state |
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| Value Added Tax |
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| Standard rate |
18% |
| Reduced rate |
8% |
| Super-reduced rate |
4% |
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| Capital Duty |
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| Issue of share capital |
1% |
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| Withholding Rates (Non-Treaty) |
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| Dividends |
19% |
| Interest |
19%* |
| Royalties |
24% |
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| Spanish gross income and gains of non-resident |
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| company not operating through PE |
24%** |
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| *EU resident companies exempt |
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| **EU residents may deduct certain expenses |
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