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Practical Manual of Companies 2020.

Box 00071 Reduced tax rate for start-ups (Article 29.1 LIS)

newly created entities established after January 1, 2015 , that carry out economic activities and pay taxes in the first tax period must check this box in which the tax base is positive and in the following at the rate of 15 percent , in the terms established in article 29.1 of the LIS .