Examples: Small company

1. Mrs. VGC Since 1996, he has owned a company whose net turnover has been:
   • Fiscal year 2016: 3,700,000 euros.
   • Fiscal years 2017 and 2018: 8,300,000 euros.
   • Fiscal year 2019: 10,045,000 euros
2. Don JLT He is the owner of a company whose net turnover in 2018 was 10,100,000 euros.
3. Don SMG Since July 1, 2018, he has owned a company whose net turnover until December 31 of that year was 4,600,000 euros.
4. Mrs. ABM Since September 30, 2019, he has owned a company whose net turnover until December 31 of that year was 60,000 euros.

Determine the companies that in fiscal year 2019 are considered small companies

Solutions:

1. The company described is small in size in 2019, since the net amount of its turnover in 2018 is less than 10 million euros. Furthermore, although in 2018 the turnover exceeded 10 million euros, the tax benefits of this special regime may continue to be applied in 2020, 2021 and 2022, since both in 2019 and in the two previous years, 2018 and 2017, met the limits of net turnover to be considered small (less than 10 million euros in 2018, 2017 and 2016).
2. The company described is not small in size in 2019, regardless of the net amount of its turnover in this year.
3. The company described is small in size in 2019, since the net amount of its turnover in 2018 per year was 9,200,000 euros, which is why it does not exceed the established figure of 10 million euros.
4. The company described is small in size in 2019. Likewise, it should be noted that this tax classification will also be applicable in fiscal year 2020, because by increasing the net amount of the turnover per year, the resulting amount (240,000 euros) does not exceed the maximum amount set of 10 million euros.