Reduced tax rate

With effect for tax periods beginning on or after January 1, 2023, Law 31/2022, of December 23, introduces in article 29 of the LIS a reduced tax rate of 23 per cent for entities whose net turnover for the immediately preceding tax period is less than 1 million euros .

For these purposes, the net amount of the turnover will be determined in accordance with the provisions of sections 2 and 3 of article 101 of the LIS.