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What is a Large Company for tax purposes?

When a company, entrepreneur or professional exceeds 6,010,121.04 euros of turnover in one year, from the following year, it becomes a Large Company, producing significant tax effects that must be taken into account when carrying out procedures before the Tax Agency

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What are the consequences of exceeding the threshold of 6,010,121.04 euros in trading volume?

Becoming a Large Company will have consequences, both in terms of the census and in relation to the deadlines and forms of presentation of certain self-assessments, the calculation of the fractional payments of the Corporate Tax, the maintenance of the registers or the way of receiving notifications or responding to the requests made by the Tax Agency. 

  • Obligation to notify the tax authorities that it has become a Large Company:

    Form 036 must be submitted within one month, starting from January 1 of the current year and, in any case, before the expiration of the deadline for submitting the first periodic declaration affected by the variation, or which should have been submitted had said variation not occurred.

  • VAT self-assessments will be submitted monthly and must be submitted electronically through form 303.

  • Model 111 (Withholdings and payments on account. Income from work and economic activities, prizes and certain capital gains and income imputations) will be submitted monthly and electronically.

    The same applies to the rest of the models of withholdings and payments on account.

  • The period for self-assessment of Taxes on Alcohol and Alcoholic Beverages and for filing the declarations of operations that complement said declarations-settlements, as well as the period for self-assessment of the Tax on Electricity will be monthly.

  • The registration books referred to in article 62.1 of the Value Added Tax Regulations must be kept through the electronic provision of billing records (SII).

  • When the net amount of the turnover has exceeded the sum of 6 million euros, the fractional payments will be calculated using the method provided for in section 3 of article 40 of the Corporate Tax Law.

  • Large companies are required to receive by electronic means the administrative communications and notifications issued by the Tax Agency in the exercise of its powers.

  • Likewise, they are required to submit electronically via the Internet, using one of the identification and authentication systems accepted by the Tax Agency, all documentation with tax relevance related to tax procedures managed by the Tax Agency.