Reduced tax rate

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

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