Entities partially exempt from article 9.3 of the LIS

• These entities have the obligation to declare all of their income, exempt and non-exempt, except when they meet the following requirements , in which case they will not have the obligation to declare:

  • 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.

• These entities apply the special regime for partially exempt entities of Chapter XIV of Title VII of the LIS .

  Entities applying this regime must mark box [00002] "Partially exempt entity" on page 1 of form 200.

• They are partially exempt entities under the terms provided in Chapter XIV of Title VII of the LIS:

  • The non-profit entities and institutions to which Title II of Law 49/2002 does not apply.

  • The unions, federations and confederations of cooperatives .

  • The professional colleges, business associations, official chambers, workers' unions.

  • The employment promotion funds established under article twenty-two of Law 27/1984, of July 26, on reconversion and reindustrialization.

  • The Mutual Collaborators of Social Security , regulated in the consolidated text of the General Law of Social Security, approved by Royal Legislative Decree 1/1994, of June 20.

  • The public law entities Puertos del Estado and the respective Autonomous Communities.

    New:

    With effect for tax periods beginning on or after 1-1-2020 that did not end before 9-7-2020, Royal Decree-Law 26/2020, of July 7, eliminates the reference to Port Authorities which are no longer considered partially exempt entities, and are now subject to tax under the general corporate income tax regime.