4.8 Installment payments
Corporate Tax taxpayers are required to make a payment in installments to obtain the differential rate. That is, a payment on account of the Corporation Tax settlement, corresponding to the tax period that is in progress on the 1st of the months of April, October and December, to be made between the 1st and 20th of the aforementioned months. The partial payment has the status of a tax debt.
Entities that pay taxes at the rate of 1% and 0% in accordance with article 29 sections 4 and 5 of the LIS must not make installment payments nor will they be required to submit the corresponding declaration.
The new limited company will not have the obligation to make installment payments on account of the settlements corresponding to the first two tax periods concluded since its incorporation.