Royal Decree-Law 2/2016 (30 September 2016) introduces measures aimed at reducing the public deficit and, assuming enactment by the Spanish parliament, would apply to the next “prepayments” (estimated tax payments) of corporate income tax due in October and December 2016, and for subsequent tax periods.
Under these provisions, the corporate income tax “prepayment” rates generally would increase for all companies with a turnover above €10 million in the prior fiscal year and for tax periods beginning on or after 1 January 2016, as follows:
Exceptions would apply in certain instances.
Read an October 2016 report [PDF 104 KB] prepared by the KPMG member firm in Spain
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