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V0129-14 22 January 2014 · SG de Impuestos sobre las Personas Jurídicas Criterion in force
IS · declaración censal

Tax obligations for renewable energy entity upon establishment

A renewable energy entity inquires about its quarterly and annual tax obligations following its formation. The DGT states it must submit the census registration declaration, the annual declaration of operations with third parties, and comply with instalment payments of the Corporate Income Tax.

The question raised

1) What would be the quarterly and annual obligations of the entity.

The DGT's ruling

The entity must submit a registration declaration in the Census of Entrepreneurs, Professionals and Withholders, communicating its VAT regime. It is obliged to submit the annual declaration of transactions with third parties, unless the exclusions of the Regulation are met. Regarding Corporate Income Tax, it must submit the annual declaration and make installment payments in April, October and December. It is not subject to the IAE as long as it does not carry out economic activities that involve the organization of means of production or human resources.

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