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V4963-16 ·15 November 2016 ·consulta-vinculante Medium impact
Tax

Public consortia do not enjoy full Corporation Tax exemption but may qualify for partial exemption

A query was raised regarding whether a public consortium composed of various administrations is considered a fully exempt entity for Corporation Tax purposes. The DGT ruled that it does not benefit from full exemption as it is neither a territorial administration nor an autonomous body, although it may access partial exemption provided it lacks a profit-making purpose.

In 6 key points

How it affects those involved

This ruling clarifies the tax status of public consortia, distinguishing them from territorial administrations and autonomous bodies, which affects their ability to claim full tax exemptions.

Lifecycle

2016-11-15PublishedPublished 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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