Presentation of corporate tax and annual accounts in spain
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Benefit from our specialized knowledge and experience to:
- Prepare and deposit your annual accounts in Spain.
- File your corporate tax in Spain (Form 200 and others).
- Have your own advisor and personalized advice.
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essential financial and legal obligations for businesses operating in Spain
Key Information on Annual Accounts and Corporate Tax in Spain
Deposit of Annual Accounts in Spain:
Annual accounts refer to financial statements that provide a comprehensive view of a company’s financial performance, including its assets, liabilities, revenues, and expenses.
Companies must prepare their annual accounts within three months following the end of the financial year and deposit them in the Mercantile Registry within one month after their approval.
Corporate Income Tax in Spain
Corporate Income Tax in Spain, also known as Company Tax (“Impuesto sobre Sociedades”), is a tax levied on the taxable income of companies operating in Spain.
The deadline for filing corporate income tax returns, using Form 200 in Spain, generally falls between July 1st and July 25th of the year following the financial year.
Who Must Present Annual Accounts and Corporate Income Tax?
- Limited Liability Company (S.L.)
- Public Limited Company (S.A.)
- General / Limited Partnership
- Limited Joint-stock Company ("Sociedad Comanditaria Por Acciones")
- Small and Medium Enterprises (SMEs)
- Other companies required by law to file and submit their annual accounts.
Are there penalties if I do not file them?
Yes, this can result in penalties and consequences for businesses. The penalties may include monetary fines, surcharges, and even legal actions.
It is crucial to adhere to the deadlines to avoid any unnecessary liabilities.
Which are the current Corporate Income Tax rates?
The standard corporate income tax rate is 25%, but there are different rates that apply in specific scenarios:
- Newly established entities are subject to a 15% tax rate during the initial tax period in which they generate profits and the subsequent one.
- Tax-sheltered cooperatives are taxed at a rate of 20%. However, if they earn income outside of their cooperative activities, that income will be subject to the general rate.
- If they have applied to be under Law 49/200, entities with non-profit purposes are taxed at a rate of 10%. Otherwise, they are taxed at a 25% rate.
- Collective investment fund entities are subject to a 1% tax rate.
- Pension funds, on the other hand, are exempt.
our professional services Include
Get support on the preparation and presentation of annual accounts and corporate tax in Spain.
We ensure that your financial obligations are met accurately and efficiently, allowing you to focus on your core business operations.
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- Check our FAQ Section.
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Annual Accounts Premium
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Deposit of Annual Accounts.
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Preparation of Annual Accounts.
Full Pack
Acounting Plan for SMEs witha 6-month permanence period
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Accounting service for SMEs (up to 30 invoices). What if I have more?
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See more features of our accounting service.
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Preparation of Annual Accounts.
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Deposit of Annual Accounts.
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Preparation of Corporate Tax.
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Presentation of Corporate Tax.
**The 6 months of the service must be paid in advance.
Corporate Tax
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Preparation of Corporate Tax.
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Presentation of Corporate Tax.
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Here's what our clients say about us
JodyD19/03/2024I'm really happy with the service provided. I appreciate the regular reminders to submit what is needed and the friendly and helpful service. Daniela Gonzalez has gone above and beyond to help me, such as finding ways to get receipts for tap and go payments for transport in London.
Vanessa Jakubowski19/03/2024Please don't trust this company. They have made a big mistake with my taxes and I have lost the right to a flat rate which means I will be charged 3 x as much per month for being autonomo as I should be. Haven't responded at all to my complaint, no apology no justification nothing. Please use a legit Spanish company like Vilar & associates who are not trying to resolve this issue for me. Don't waste your money. *update* I have just found just found out I am in debt of over 3000 euros to the government because of this company's incompetence. I have contacted them with my complain but of course no response. Having just had a baby and on maternity leave until recently, now finding out I owe this and I paid this company to sort these issues for me but they have well and truly dropped me in the ***. will be taking legal action.
Amy Granquist14/03/2024Louis was wonderful. He is very detailed and attentive. He answered all of our questions. We really appreciated the time he spent with us. Thanks Louis!!!!
Nathaly13/03/2024Hoy tuvimos nuestra primera consulta informativa con Tatiana sobre impuestos y nos pareció buenísima. Entendió todas las dudas y respondió con claridad, base y al grano, tal que la llamada rindió y nos dejó muy buena impresión de esta gestoría.
Being Virtual11/03/2024Mala la atención. Pague por una consulta de 1 hora con una abogada del equipo la cual me despachó a los 30 minutos. Me hizo seguimiento los días posteriores para que pague el trámite sin darme ningún tipo de pasos a seguir. No los contraten, no dejen sus trámites importantes en este tipo de personas.
Eq11/03/2024PÉSIMO SERVICIO, TENGAN CUIDADO!!!!!!!!!!!! absténganse de utilizarlo. Poco profesional , los abogados están más interesados en cobrar el servicio más alto así no sea el indicado , ni posible . Ofrecen un 98% de éxito para cerrar la venta y a la hora de la verdad cuando es hora de entregar resultados se desaparecen. MUY POCO PROFESIONALES. Estoy segura que si hacen un poco de research encuentran un lugar mejor, funcionan como un software y no como un bufete de abogados responsables.
Isabella Bernal11/03/2024POR FAVOR No los utilicen! Se van a arrepentir y sus procesos migratorios no saldrán bien. Es un muy mal servicio. En mi caso me ofrecieron un servicio que no era acorde an mis necesidades solo porque el valor era superior . Pedí un reembolso y no han sido capaces de reembolsar el dinero. Tampoco completaron el servicio.
Ivan Rabotyga29/02/2024Very professional guys! Highly recommend! They are not only attentive, helpful, precise, knowledgeable, responsible and responsive, but also care about your expenses and can suggest you several options describing in great detail how you can do things yourself.
Cathy Awatere23/02/2024Excellent service, easy to deal with, clear instructions and friendly staff. Would highly recommend. Very professional and trustworthy
Linda Viksne22/02/2024Absolutely horrible. All they had to do was fill out a simple modelo 030, they took FOREVER and messed up 3 times and now the person is in a worse place than where he started. This is so shameful. AVOID!
Don't let the complexities of accounting in Spain weigh you down
Book a FREE consultation with our specialist on taxes and accounting in Spain to ask any doubts you may have about annual accounts or corporate tax in Spain.
FAQ
General
Info
The deadline for filing annual accounts in Spain depends on the end of the financial year.
Generally, companies have three months from the end of the financial year to prepare their annual accounts. After the approval of the accounts by the shareholders or partners, they must be deposited in the Mercantile Registry within one month.
Failure to file annual accounts within the specified deadline can result in penalties and legal consequences.
The penalties vary depending on the delay, the size of the company, and other factors.
In addition to monetary fines, there can be restrictions on company operations, suspension of certain rights, and even dissolution in extreme cases.
The calculation of Corporate Income Tax in Spain involves determining the taxable income by subtracting deductible expenses and applying the relevant tax rates.
Companies must consider income from various sources, such as business activities, investments, and capital gains.
Tax deductions, allowances, and incentives available under Spanish tax laws may also impact the final tax liability.
They have various responsibilities, including ensuring the accurate and timely preparation of annual accounts, filing corporate income tax returns, and depositing the approved annual accounts in the Mercantile Registry.
Reducing corporation tax liabilities in Spain can be achieved through various legal strategies.
Some common methods include taking advantage of applicable deductions, allowances, and incentives provided by the tax legislation.
These can include research and development (R&D) deductions, investment deductions, or incentives for specific industries or regions.
It is advisable to consult with tax professionals or accountants to explore all available options for tax optimization.
The corporate tax return (Form 200) must be filed with the Spanish Tax Agency (Agencia Tributaria) electronically through their online platform or by using authorized tax filing software.
The annual accounts must be deposited in the corresponding Mercantile Registry, which is typically based on the company’s registered office location.
Process
In this specific case, the price increases a bit:
If you have more than 30 invoices you would have to pay 750€ + IVA (€907.50 in total).
The rest of the service would include the same features presented above plus those detailed in our SME plan (also detailed below).
Is this your case? Contact us!
- Register your invoices or bills.
- Social Security registration.
- Personal account manager with unlimited advice.
- Census registration or deregistration.
- Management of the taxes applicable to you such as: VAT, withholdings on earned income (IRPF), intra-community Declarations, declaration of operations with third parties, Tax on Economic Activities (IAE), and more!*
- Notifications management (Tax Agency, Social Security).
- Online follow-up.
- Unlimited advice.
* This excludes the filing of your individual Income Tax Return (“Declaración de la Renta”). But, if you are one of our clients, we will offer you a special discount when it is time to file it.
Besides the benefits of each plan, you will also get:
- Organization of the required documentation.
- Online follow-up.
- Your own personal advisor.
- Unlimited advice.
According to each case, the documentation to provide is different.
At the moment you hire one of the plans we will analyze your case and contact you to tell you the exact documentation you need to provide.
- One of our experts will contact you promptly to start analyzing your case in depth and tell you the best step-by-step process to follow.
- You will know what is the necessary documentation to provide and you may also contact us to solve any remaining doubts.
- We’ll start the procedure right away and let you know how it goes, always keeping you up-to-date on any notifications.
Payment
The prices you see in our pricing section are the final ones (which include 21% of VAT).
Payments must be made by debit or credit card.
Yes, you can request cancellation of the service as long as your personal manager has NOT started to work on your documentation to initiate the requested procedure.
However, if you choose our Full Pack Plan (with the obligation of 6-months permanence) and 1 month has passed since hiring the service, there is no possibility of refund.
The money will be refunded to your card within 14 days. See our Commercial Conditions.
Our Team
You will always have personalized attention and direct contact with your advisor.
You can communicate at any time (as long as it is business hours and about the services you have hired) by email or telephone, whichever is more comfortable for you.
Do you need more info?
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