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V3538-19 ·26 December 2019 ·consulta-vinculante Medium impact
Tax

Public consortium is subject to Corporation Tax, with potential partial exemption for income related to its social purpose

A query was made regarding the tax regime applicable to a public consortium dedicated to biomedical research. The DGT ruled that, as it is neither an autonomous body nor an entity exempt by law, it must pay tax, although it may apply a partial exemption to income not derived from economic activities.

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2019-12-26PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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This analysis is informational only and does not constitute legal advice or create a client-adviser relationship. BM Consulting.
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