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.
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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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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).
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- 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 (+ 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.
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