The fiscal year in Spain is from January to December.
Filing is divided into quarterly and annual reports: VAT (including EU B2B), rental withholding tax and employee individual income tax are set aside to declare on a quarterly basis.
1. Spanish corporate income tax of 25% (i.e. corporate profit tax), Spain does not have an exemption period, but there is a profit section.
1. The second tax period, that is, the preferential tax rate for the natural annual profit tax is 15%, and then the third tax period starts from 25%.
The declaration of corporate income tax of a limited liability company is through 200**, and the deadline for submitting the ** is 6 after the end of the tax period, and if the tax period overlaps with the natural year, the deadline for submitting the ** is 7 1 25.
2. The Spanish VAT IVA rate is 21%, 10% for catering and food, 4% for basic consumer goods (flour, bread, milk, etc.), and VAT exemption for transactions within the European Community (Las Islas Canarias, Ceuta y Melilla).
VAT is calculated every three months (calendar month). If the IVA is negative, it accumulates to the next quarter; If the value is negative for the whole year, you can choose to apply for a refund at the end of the year, or accumulate it for the next year.
3. The personal income tax rate in Spain is 19%-45%. Employee individual income tax retention tax is only required to be declared if the company hires employees
Personal income tax rates vary depending on the individual's annual income, ranging from 19% to 45%.
Personal income tax is paid annually and in the month of each year through the personal income tax declaration (declaración de la renta); When filing personal income tax returns, sometimes you will get a refund back, and sometimes you need to pay back taxes.
4. Rent tax and rent withholding tax only need to be declared if the company leases a shop or warehouse and the landlord issues an invoice to withdraw the tax.