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Practical Handbook for Companies 2021

Scope

The following taxpayers are eligible to apply this tax incentive:

  • Those taxed at the general rate of 25 percent provided for in Article 29.1 of the LIS.

    This general rate also includes newly created entities that carry out economic activities and are taxed at at a rate of 15 per cent in the first tax period in which the taxable base is positive and the following one.

  • Credit institutions, as well as entities engaged in the exploration, research and exploitation of hydrocarbon deposits and underground storage facilities, which apply a tax rate of 30 per cent , in accordance with Article 29.6 of the LIS.