Spain Corporation Tax Calculator 2023
The Spain Corporation Tax Calculator is designed for resident and non-resident companies, banks / financial institutions and non-operating entities who have accrued income from profits in Spain during the 2023 tax year, if you would like to calculate Corporation Tax due in Spain for a different tax year then please select the relevant year from the available Corporation Calculators. The calculator allows corporation tax calculations for multiple scenarios including rates and allowances tailored for tax filing status, profit amounts and allowances in 2023.
This 2023 corporation tax calculation provides you with two important pieces of financial information, the first is the amount of corporation tax you owe on profits generated in Spain in 2023, the second is the net amount of profit after tax in 2023 which allows you to view exactly how your business investments in Spain are performing.
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How to calculate Corporation Tax in Spain
You can calculate Corporation Tax in Spain for resident and non-resident companies by multiplying the profits acrued by the appropriate corporation tax rate. We have included the Corporation Tax formula for Spain so that you can calculate corporation tax manually or update your systems with the relevent corporation tax rates in Spain. The latest corporation tax rates in Spain for 2023 are displayed in the Spain tax tables. For those who prefer to use the Spain Corporation Tax Calculator rather than calculate the tax manually, we have included a step-by-step guide to using the calculator for Corporation Tax calculations (see the guides under "How to use the Spain Corporation Tax Calculator").
Corporation Tax Years available for Spain
We currently support the following tax years for Corporation Tax calculation in Spain, if you require additional tax years, please get in touch and we can add them to the list of available tax years.
Spain Corporation Tax formula
Corporation Tax in Spain is calculated using the following Corporation Tax formula:
Corporation Tax = a x (b / 100)
- a = The net profit earned that is subject to tax in Spain.
- b = The relevent rate of corporations tax in Spain associated with business type.
Corporation Tax Rates in Spain
Corporation tax in Spain is charged at a flat rate with the rate varying depending on the type of business subject to corporation tax. The table below defines the corporation tax rates applicable for each company type based on residence.
Spain Corporation Rates in
|25%||0%||Corporation Tax on Global Income (Flat Corporation Tax Rate)|
|25%||25%||Corporation Tax on Spain Based Income (Flat Corporation Tax Rate)|
Overview of Corporation Tax in Spain
Corporation tax is levied on the profits generated by companies registered or operating in Spain. The rate may differ based on several factors, such as the size of the company, the type of income, and specific deductions or incentives for which the company may be eligible.
The tax year for corporations in Spain is generally the same as their accounting year, and they are required to file a tax return within 25 days following the six months after the end of their tax year.
Who is Liable to Pay Corporation Tax?
All companies that are either domiciled in Spain or have a permanent establishment in the country are required to pay corporation tax. This includes:
- Spanish Companies: Companies incorporated under Spanish law are considered tax residents and are taxed on their worldwide income.
- Foreign Companies: Companies that are not incorporated in Spain but have operations in the country are only taxed on their Spanish-source income.
Please note that while we strive to keep this information up-to-date, tax laws and rates are subject to change. Always consult with a tax advisor for the most current information and personalized advice.
Reduced Corporation Tax Rates
Some small and medium-sized enterprises (SMEs) may be eligible for reduced corporation tax rates. Understanding the corporation tax rates in Spain is crucial for businesses operating in the country. These rates provide a guideline for financial planning and compliance with tax obligations. For the most accurate and personalized advice, consult a qualified tax advisor.
Basis of Coporation Tax
Similar to PIT, Resident entities are taxed on worldwide income and non-resident companies are subject to tax only on revenue from within Spain. Profits generated by residents on foreign source are taxed as per corporate tax regime.
How to use the Spain Corporation Tax Calculator
You can view the calculator inline or full screen. The inline view displays the calculator surrounded by the normal menus and links to other tools and supporting information. The full screen view removes or the unnecessary information so you can focus solely on using the Spain Corporation Tax Calculator. The following step-by-step guides to calculating corporation tax online with the Spain Corporation Tax Calculator covers all the functions within the corporation tax calculator:
How to complete a Corporation Tax Calculation
- Select Normal View or Full Screen View.
- Select Resident Company on Non-resident Company
- Confirm the type of company that you run in Spain for Corporation tax purposes.
- Enter the total amount of Global Income that is profit.
- Enter the total amount of Income generated in Spain that is profit.
The Corporation Tax Calculator will then automatically calculate the tax due based on the details entered.