Current tax rates

Taxpayers	Tax rates 2023
General rate	25 percent
Newly created entities of article 29.1 of the LIS that carry out economic activities, except those that are taxed at a lower rate, in the first tax period in which the tax base is positive and in the following one, regardless of the result of their tax base in this second year (not applicable to those entities that are considered patrimonial entity)	15 percent
Newly created entities established between 1-1-2013 and 31-12-2014 that carry out economic activities, which according to DT 22 of the LIS can continue to apply the tax rate established in DA 19 of RDLeg. 4/2004, in the first tax period in which the tax base is positive and in the following one:
• For the taxable base portion between 0 and 300,000 euros	15 percent
• For the remaining part of the tax base	20 per 100
Entities INCN < 1 million euros in the immediately preceding tax period (not applicable to those entities that are considered patrimonial entities)	23 per 100
Emerging companies, in the first tax period in which the tax base is positive and in the following three (provided they maintain this status)	15 per 100
Credit institutions	30 percent
Entities engaged in the exploration, research and exploitation of hydrocarbon deposits and underground storage facilities as provided for in Law 34/1998	30 percent
Entities that exclusively carry out the activity of storing hydrocarbons owned by third parties and to which the special regime established in Chapter IX of Title VII of the LIS is not applicable	25 percent
Activities related to refining and any other activities other than exploration, research, exploitation, transportation, storage, purification and sale of extracted hydrocarbons or the activity of underground storage of hydrocarbons owned by third parties	25 percent
Credit cooperatives and rural banks: ⁽¹⁾
• Cooperative results	25 percent
• Extra-cooperative results	30 percent
Fiscally protected cooperatives: ⁽¹⁾
• Cooperative results	20 per 100
• Extra-cooperative results	25 percent
Entities to which the tax regime established in Law 49/2002 applies	10 percent
Entities of the Canary Islands Special Zone (article 43 Law 19/1994), with respect to the part of the tax base that corresponds to the operations that are carried out materially and effectively in the geographical area of the ZEC (box [00559])	4 per 100
Financial investment fund with certain conditions of article 29.4 of the LIS	1 in 100
Real estate investment companies and funds, whose exclusive purpose is to invest in any type of urban property for leasing and meet the conditions of article 29.4.c) of the LIS, as well as those that carry out the activity of promoting housing exclusively for leasing and meet the conditions of article 29.4.d) of the LIS.	1 in 100
SICAV with certain conditions indicated in article 29.4 of the LIS which refers to Law 35/2003	1 in 100
Mortgage market regulation funds	1 in 100
Bank Asset Funds (for the legally provided period of time)	1 in 100
Entities under the special regime SOCIMI established in Law 11/2009:
• In general terms	0 out of 100
• Special tax on distributed profits	19 per 100
• Special tax on undistributed profits	15 percent
Pension funds regulated by Royal Legislative Decree 1/2002, of November 29	0 out of 100

Note to the table:

⁽¹⁾ For the sole purpose of completing box [00558] "Tax rate", the tax rate to be entered by fiscally protected cooperative societies therein will be the one corresponding to the cooperative results: 20 percent (25 percent in the case of credit cooperatives and rural banks). ^{(return societies)} ^{(return to cooperatives)}