Form 200. Corporate Tax.
In Spain, Corporate Tax is levied on the annual profit of companies. It is filed using Form 200.
Who is required to file the Corporate Tax?
All commercial companies (S.L., S.A., etc.) are obliged to file Corporate Tax every year, regardless of their activity or size. This includes both active and inactive companies (those with no registered business with the tax agency.
Freelancers (autónomos) already pay their taxes through personal income tax (Form 100 – income statement) and do not have to file the Corporate Tax.
What is the deadline to file Form 200?
As a general rule, if the company’s fiscal year ends on December 31, the filing period for Corporate Tax begins on July 1 and ends on July 25 (*).
The deadline for setting up direct debit payment for this tax is July 22nd, three days before the filing deadline expires. Unlike other taxes, the window for direct debit is closer to the tax deadline.
How much is paid for Corporate Tax?
Until the 2024 fiscal year (inclusive):
• General rate: 25%.
• Companies with a turnover below one million euros: 23%.
• Newly created companies: 15% during the first year with profits and the following year.
It is not considered a new activity if it continues the same operations as a previous freelancer or a pre-existing company.
From the 2025 fiscal year onwards:
The tax rates are progressively reduced and applied on a scale according to the previous year’s turnover.
Companies with a turnover below €1,000,000:
Progressive rates apply based on taxable income brackets:
Year | Taxable Base | Tax Rate
———|————————–|—————–
2025 | 0 € – 50.000 € | 21%
2025 | Over 50.000 € | 22%
2026 | 0 € – 50.000 € | 19%
2026 | Over 50.000 € | 21%
2027 | 0 € – 50.000 € | 17%
2027 | Over 50.000 € | 20%
Companies with a turnover between €1 and €10 million:
Year | Tax Rate
———|—————–
2025 | 24%
2026 | 23%
2027 | 22%
2028 | 21%
2029+ | 20%
Companies with a turnover over €10 million:
• The general rate of 25% is maintained.
Can a refund be obtained?
It is possible for the Corporate Tax to result in a refund, provided that an amount greater than the full payment (“cuota íntegra”) of the tax has been paid on account in Forms 202.
This is also possible in the case of losses if there were previous payments with Forms 202.
Negative tax bases from previous years can be offset against future profits without a time limit, although with certain application limits per year.
How is Form 200 prepared?
Online filing is mandatory for all taxpayers of the tax. Although you can manually fill in all the data, to prepare the Corporate Tax for my clients I use the A3Soc software from Wolters Kluwers, creating a file that can be imported on the Tax Agency website, thus avoiding possible errors and performing work more efficiently.
(*) When July 25 falls on a Saturday/Sunday, the payment date will be the following Monday.
