2.7.3.13 Reduced tax rate for newly created entities (DT 22nd LIS)

Newly created entities established between January 1, 2013 and December 31, 2014, that carry out economic activities, and that, in accordance with the provisions of the twenty-second transitional provision of the LIS, must mark this code will be taxed in accordance with the provisions of the nineteenth Additional Provision of RDLeg. 4/2004.

The nineteenth Additional Provision of the RDLeg. 4/2004 established that newly created entities, established as of January 1, 2013, that carry out economic activities will be taxed, in the first tax period in which the tax base is positive and in the following one, according to the following scale , except if, in accordance with the provisions of article 28 of said rule, they must pay tax at a lower rate:

• the part of the tax base between 0 and 300,000 euros at a rate of 15%.
• the remaining part of the tax base, at the rate of 20%.