Entities partially exempt under Article 9.4 of the LIS

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

For these purposes, article 11,3 of Organic Law 8/2007 of 4 July establishes that political parties will be obliged to file the tax return for Corporation Tax with regard to non-exempt income. However, article 124,3 of the LIS expands this scope and establishes that political parties must declare all their incomes, both exempt and non-exempt .