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Issues to consider when settling the Tax in 2025

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Tax rates

With effect for tax periods beginning on or after 1 January 2025, the provisions of Section Three of the Eighth Final Provision of Law 7/2024 are amended, the tax rates regulated in sections 1 and 2 of article 29 of the LIS, as follows (the final tax rates are indicated below, No However, the transitional regime will need to be taken into account for 2025. contained in DT 44 of the LIS):

  • Entities whose net turnover for the immediately preceding tax period is less than 1 million euros (micro-enterprises) will apply the rates indicated in the following scale, unless in accordance with the provisions of article 29 of the LIS, they must pay tax at a rate different from the general one:

    • For the portion of the taxable base between 0 and 50,000 euros, at a rate of 17%.

    • For the remaining portion of the taxable base, at a rate of 20%.

  • Entities that meet the requirements set out in Article 101 of the LIS To apply the regime for small businesses, they will be taxed at a rate of 20%, unless they are required to pay a different rate than the general one.

The tax rates of 20% and 17% provided for in the two previous sections will not apply to asset-holding entities, under the terms established in article 5.2 of the LIS.

  • The cooperative societies The following tax rates will apply:

    • Tax-protected cooperative societies will be taxed with regard to the cooperative results to the tax rates resulting from reducing by three percentage points the tax rates provided for in article 29.1 of the LIS, provided that the resulting rate does not exceed 20%. Regarding the non-cooperative resultsThese companies will be taxed at the rates provided for in Article 29.1 of the LIS.

    • The credit cooperatives and rural savings banks will be taxed with regard to the cooperative results to the tax rates provided for in article 29.1 of the LIS. Regarding the non-cooperative resultsThey will be taxed at a rate of 30%.

Transitional scheme

As indicated, notwithstanding the foregoing, section eight of the Eighth Final Provision of Law 7/2024, of December 20, introduces into the LIS the forty-fourth transitional provision which establishes the transitional application of the new tax rates provided for micro-enterprises and small-sized entities

  1. With effects for the tax periods beginning in 2025:

    • The entities whose net turnover for the immediately preceding tax period is less than 1 million euros (micro-enterprises) will apply the rates indicated in the following scale, unless in accordance with the provisions of article 29 of the LIS, they must pay tax at a rate different from the general one:

      • For the portion of the taxable base between 0 and 50,000 euros, at a rate of 21%.

      • For the remaining part of the tax base, at the rate of 22% .

    • Entities that meet the requirements set out in Article 101 Companies subject to the LIS regime for small businesses will be taxed at a rate of 24%, unless they are required to pay a different rate than the general one.

  2. With effects for the tax periods beginning in 2026:

    • Entities whose net turnover for the immediately preceding tax period is less than 1 million euros (micro-enterprises) will apply the rates indicated in the following scale, unless in accordance with the provisions of article 29 of the LIS, they must pay tax at a rate different from the general one:

      • For the portion of the taxable base between 0 and 50,000 euros, at the rate of 19%.

      • For the remaining portion of the taxable base, at the rate of 21%.

    • Entities that meet the requirements set out in Article 101 of the LIS To apply the regime for small businesses, they will be taxed at a rate of 23%, unless they are required to pay a different rate than the general one.

  3. With effects for the tax periods beginning in 2027:

    The entities that meet the requirements set out in article 101 of the LIS to apply the regime of lSmall businesses will be taxed at a rate of 22%, unless they are required to pay a different rate than the general one.

  4. With effects for the tax periods beginning in 2028:

    The entities that meet the requirements set out in article 101 of the LIS To apply the regime for small businesses, they will be taxed at a rate of 21%, unless they are required to pay a different rate than the general one.

Summary table of tax rates

Taxpayers Tax rates 2025 Tax rates 2026 Tax rates 2027 Tax rates 2028
General rate 25% 25% 25% 25%
Microenterprises (INCN< 1,000,000):
- Up to 50,000 euros 21% 19% 17% 17%
- Remaining Taxable Base 22% 21% 20% 20%
Small Entities (art. 101 LIS) 24% 23% 22% 21%
Newly Created Entities 15% 15% 15% 15%
Startups 15% 15% 15% 15%
Asset Entity 25% 25% 25% 25%
Fiscally protected cooperatives:
Cooperative results:
– General type 20% 20% 20% 20%
• Micro-enterprises (INCN < 1,000,000):
- Up to 50,000 euros 18% 16% 14% 14%
- Remaining Taxable Base 19% 18% 17% 17%
• Small-sized entities (art. 101 LIS) 20% 20% 19% 18%
- Newly created 12% 12% 12% 12%
Non-cooperative results:
– General type 25% 25% 25% 25%
• Micro-enterprises (INCN < 1,000,000):
- Up to 50,000 euros 21% 19% 17% 17%
- Remaining Taxable Base 22% 21% 20% 20%
• Small-sized entities (art. 101 LIS) 24% 23% 22% 21%
– Newly created 15% 15% 15% 15%
Credit cooperatives and rural banks:
Cooperative results:
– General type 25% 25% 25% 25%
• Micro-enterprises (INCN < 1,000,000):
- Up to 50,000 euros 21% 19% 17% 17%
- Remaining Taxable Base 22% 21% 20% 20%
• Small-sized entities (art. 101 LIS) 24% 23% 22% 21%
– Newly created 15% 15% 15% 15%
Non-cooperative results:
– General type 30% 30% 30% 30%
• Micro-enterprises (INCN < 1,000,000):
- Up to 50,000 euros 30% 30% 30% 30%
- Remaining Taxable Base 30% 30% 30% 30%
• Small-sized entities (art. 101 LIS) 30% 30% 30% 30%
– Newly created 30% 30% 30% 30%