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Practical Handbook for Companies 2021

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

This box should be ticked by newly created entities incorporated on or after 1 January 2015, which carry out economic activities and are taxed in the first tax period in which the taxable base is positive and in the following one at the rate of 15 per cent, under the terms established in article 29.1 of the LIS.