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Practical Manual for Companies 2020.

Not obliged to declare

1. Entities totally exempt from article 9.1 of the LIS

Regulation: Article 124.2 LIS

The following exempt entities listed in article 9.1 of the LIS are not required to declare :

  • The State, the Autonomous Communities and the local entities .

  • The autonomous bodies of the State and public law entities of a similar nature of the Autonomous Communities and local entities.

  • The Bank of Spain, the Deposit Guarantee Fund for Credit Institutions and the Investment Guarantee Funds .

  • The Managing Entities and Common Services of Social Security .

  • The Institute of Spain and the official Royal Academies integrated into it and the institutions of the Autonomous Communities with their own official language that have purposes analogous to those of the Royal Spanish Academy.

  • The public bodies mentioned in Additional Provisions nine and ten, section 1, of Law 6/1997, of April 14, on the Organization and Functioning of the General Administration of the State, as well as the public law entities of a similar nature of the Autonomous Communities and local entities.

  • The State Agencies referred to in the first, second and third Additional Provisions of Law 28/2006, of July 18, on State Agencies for the improvement of public services, as well as those public bodies that were totally exempt from this Tax and are transformed into State Agencies.

  • The International Public Oversight Board on auditing standards, professional ethics and related matters.

2. Entities partially exempt from article 9.3 of the LIS

Regulation: Article 124.3 LIS

Entities that apply the tax regime of partially exempt entities of Chapter of of the LIS, are not required to declare when requirements

  • their total income does not exceed 75,000 euros a year.

  • Revenue corresponding to non-exempt income shall not exceed €2,000 per year.

  • All non-exempt income obtained is subject to withholding.

3. Communities holding communal forests

Regulation: Article 112.4 LIS

These communities will not be required to file the declaration for the Corporate Tax in those tax periods in which they do not obtain income subject to said Tax, nor incur any expenses, nor make the investments and expenses that give the right to the reduction in the specific tax base applicable to these taxpayers.