Skip to content
V2164-19 ·13 August 2019 ·consulta-vinculante Medium impact
Tax

15% reduced Corporate Tax rate applicable to newly formed entities conducting economic activities

A newly formed company specialising in real estate leasing and sales has enquired whether it can apply the 15% tax rate during its first year of positive taxable income. The Directorate General for Tax (DGT) has ruled that this is possible, provided that the requirements for economic activity are met and the business is not a transferred activity or one previously carried out by the majority shareholder.

In 6 key points

How it affects those involved

This ruling clarifies the eligibility of new companies for the reduced tax rate, provided they establish genuine economic activity rather than merely continuing a pre-existing business structure.

Lifecycle

2019-08-13PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

Does this provision affect you?

The tax team reviews your specific situation.

Talk to the tax team
This analysis is informational only and does not constitute legal advice or create a client-adviser relationship. BM Consulting.
Email
Contact