4.8 Split payments
Corporate Tax payers are required to make a split payment to obtain the differential rate. That is, a payment on account of the liquidation of the Corporate Tax, 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 the 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 split payments nor be obliged to file the corresponding declaration.
The new limited company will not be required to make the fractional payments on account of the settlements corresponding to the first two tax periods concluded since its incorporation.