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Practical Handbook for Companies 2021

Box 00063 Reduced tax rate for start-ups (DT 22 LIS)

This box should be ticked by newly created entities incorporated between 1 January 2013 and 31 December 2014, which carry out economic activities, and which, in accordance with the provisions of section 1 of the twenty-second transitory provision of the LIS, are taxed in accordance with the provisions of the nineteenth additional provision of the RDLeg. 4/2004.

Remember:

The additional nineteenth provision of RDLeg.4/2004 established that newly created entities, incorporated as from 1 January 2013, that carry out economic activities will be taxed, in the first tax period in which the taxable base is positive and in the following one, according to the following scale, except if, in accordance with the provisions of Article 28 of said regulation, they must be taxed at a lower rate:

  • 300,000, at the rate of 15 percent.

  • for the remaining part of the tax base, at the rate of 20 per cent.