Obligation to make payments in instalments on account for Corporation Tax purposes
Payers of Corporation Tax are obliged to make a partial payment, i.e. a payment on account for settlement of the Corporation Tax corresponding to the current tax period on the first day of April, October and December. The partial payment has the status of a tax debt.
In the event that the tax period does not coincide with the calendar year and that the installment payment is made according to the modality provided for in article 40.3 of the LIS , said payment will be on account of the settlement corresponding to the tax period that is in progress the day before the start of each of the aforementioned payment periods.
that pay taxes at the rate of 1% and 0% in accordance with article 29 sections 4 and 5 of the LIS .
The new limited company will not have the obligation to make installment payments on account of the settlements corresponding to the first two tax periods concluded since its incorporation.
Emerging companies, in accordance with Law 28/2022, of December 21, promoting the ecosystem of emerging companies, will not have the obligation to make the installment payments regulated in the articles 40 of the LIS and 23.1 of the TRLIRNR that must be made on account of the settlement corresponding to the tax period immediately following each of the tax periods in that the postponement has been requested, as long as their status as an emerging company is maintained.