Entities partially exempt under Article 9.4 of the LIS

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

For these purposes, article 11.3 of Organic Law 8/2007, of July 4, establishes that political parties will be obliged to file a corporate tax return for non-exempt income. However, article 124.3 of the LIS expands this scope and establishes that political parties must declare all of their income, both exempt and non-exempt .