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Practical Handbook for Companies 2021

Tax period and accrued amount

Regulation: Article 20 TRLIRNR

The tax period shall coincide with the financial year declared but may not exceed twelve months.Unless otherwise stated, the tax period shall be deemed to refer to the calendar year.

shall be understood to have concluded the tax period:

  1. When the permanent establishment ceases its activity.

  2. When the investment is cancelled is carried out.

  3. When the permanent establishment transfers its activity abroad.

  4. When the permanent establishment is transferred to another individual or entity.

  5. When the head office moves its residence.

  6. When the owner of the permanent establishment dies.

Non-Resident Income Tax will accrue on the last day of the tax period.