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Practical Handbook for Companies 2021

Entities partially exempt under Article 9.4 of the LIS

The political parties are partially exempt from tax, under the terms established in Organic Law 8/2007, of 4 July, on the financing of political parties.

For this purpose, Article 11.3 of Organic Law 8/2007, of 4 July, establishes that political parties will be obliged to present the declaration for Corporation Tax in relation to non-exempt income.However, Article 124.3 of the LIS extends this scope and establishes that political parties must declare all their income, both exempt and non-exempt.