Tax rate
The tax rates applicable to tax periods starting in 2024 and 2025 (Art. 29 and DT 44 LIS) are as follows:
| Taxpayers | 2024 | 2025 |
|---|---|---|
| General rate | 25% | 25% |
| Micro-SMEs (INCN <1,000,000) | ||
| Up to €50,000 | 23% | 21% |
| Rest BI | 23% | 22% |
| Small entities (art. 101) LIS) | 25% | 24% |
| Newly Created Entities (ENC) (1) | 15% | 15% |
| Startups(2) | 15% | 15% |
| Patrimonial entity | 25% | 25% |
| Fiscally protected cooperatives: | ||
| Rev. cooperatives | ||
| General | 20% | 20% |
|
Micro-SMEs up to €50,000 Rest BI |
20% |
18% 19% |
| Ent. Reduced dimension | 20% | 20% |
| ENC | 20% | 12% |
| Rev. extra-cooperative | ||
| General | 25% | 25% |
|
Micro-SMEs up to €50,000 Rest BI |
23% |
21% 22% |
| Ent. Reduced dimension | 25% | 24% |
| ENC | 25% | 15% |
| Credit cooperatives and rural banks: | ||
| Cooperative Rdos | ||
| General | 25% | 25% |
|
Micro-SMEs up to €50,000 Rest BI |
23% |
21% 22% |
| Ent. Reduced dimension | 25% | 24% |
| ENC | 25% | 15% |
| Rev. extra-cooperative | ||
| General | 30% | 30% |
| Micro-SMEs | 30% | 30% |
| Ent. Reduced dimension | 30% | 30% |
| ENC | 30% | 30% |
| SOCIMI (Law 11/2009)(3) | 0% | 0% |
| Special tax on distributed assets | 19% | 19% |
| Special tax on the Bº No distributed | 15% | 15% |
| ZEC Entities - Canarian Special Zone(4) | 4% | 4% |
| Entities Law 49/2002 | 10% | 10% |
|
Credit institutions and entities dedicated to the exploitation, research and exploration of hydrocarbon deposits and underground storage facilities |
30% | 30% |
| Investment Companies and Funds, Bank Asset Funds, SICAVs and Mortgage Market Regulation Funds | 1% | 1% |
| Pension funds | 0% | 0% |
Grades
(1)For newly created entities, Transitional Provision 22 must be taken into account. LIS. (Back)
(2)For startups, Article 7 of Law 28/2022, of December 21, on the promotion of the startup ecosystem, must be taken into account.(Back)
(3)Please note that in the case of entering or leaving the special tax regime established by Law 11/2009, of October 26, which regulates Listed Public Limited Companies for Investment in the Real Estate Market, Article 12 of the aforementioned law establishes certain rules in accordance with the general regime and the general corporate tax rate.(Back)
(4)Please note that the general corporate tax rate corresponding to the type of entity will apply to the portion of the taxable base corresponding to operations not actually and materially carried out within the Canary Islands Special Zone. (Back)