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Presentation of corporate tax and annual accounts in spain

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essential financial and legal obligations for businesses operating in Spain

Key Information on Annual Accounts and Corporate Tax in Spain

Annual Accounts in Spain
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Experienced in corporate tax and annual accounts 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?

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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Trouble-free tax filing

Our team specializes in tax matters, meticulously calculating your taxable income, applying the appropriate tax rates, and ensuring compliance with tax legislation.

Deadline Adherence and Penalty Avoidance

By entrusting us with your financial compliance, you can rest assured knowing that your obligations are met on time, avoiding unnecessary penalties.

Confidentiality and Data Security

We maintain strict data protection measures, ensuring that your sensitive financial data is handled with the utmost care and in compliance with relevant data privacy regulations.

Ongoing Support and Guidance

Our service doesn't end with the preparation and submission of your taxes. We provide continuous support and guidance, always available to address and assist you with your queries.

Check Which One of Our Plans Suits You Best

And choose the specific features you want to get

Annual Accounts

99
*
  • Deposit of Annual Accounts.

Annual Accounts Premium

352
*
  • Deposit of Annual Accounts.
  • Preparation of Annual Accounts.

Full Pack

Acounting Plan for SMEs with
a 6-month permanence period
596*
  • Accounting service for SMEs (up to 30 invoices). What if I have more?
  • See more features of our accounting service.
  • Preparation of Annual Accounts.
  • Deposit of Annual Accounts.
  • Preparation of Corporate Tax.
  • Presentation of Corporate Tax.
SPECIAL

Corporate Tax

403
*
  • Preparation of Corporate Tax.
  • Presentation of Corporate Tax.

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Here's what our clients say about us

jhony jhon
jhony jhon
31/01/2024
Llevo con ellos cerca de seis meses como autónomo y es desesperante que mandes un correo y tarden una semana en responder el gestor que te han asignado. La última oportunidad, si no me voy a otra gestoría.
Andrew Means
Andrew Means
28/01/2024
Very knowledgable and helpful service. Gabriella was great.
Ares Socias
Ares Socias
25/01/2024
Michas gracias por su valiosa ayuda y su opinion experta.
Victoria Ojea
Victoria Ojea
24/01/2024
Excelente asesoramiento.
Lisa Ramaseder
Lisa Ramaseder
23/01/2024
We were very happy with the insights and advice Louis provided for our unique situation and we received a clear list of action items to execute on. It was a very simple process to book and communicate with him.
Arnell ArnTessoni
Arnell ArnTessoni
15/01/2024
Excellent information ... saved me tens of thousands of dollars in taxes!!
Ana Valls
Ana Valls
12/01/2024
Excelente! Me explico toda pregunta, respondió todas mis dudas. De forma amena y simple. Gracias!
Sean Corcoran
Sean Corcoran
12/01/2024
Excellent consultancy call. Very professional and informative.
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.

  1. 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.
  2. You will know what is the necessary documentation to provide and you may also contact us to solve any remaining doubts.
  3. 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?

We want to listen to you and know what your doubts are or what you need in relation to our service for restaurants. You can count on the advice of our experts to clarify all your doubts.

Write to us at [email protected] and we will contact you quickly or simply call us.