As
with all countries, tax structures change from year to year. Corporations,
generally speaking, be they Spanish or permanent establishments of foreign
companies, are taxed on net income at approx. 35%. Capital gains (or
losses) which are treated in the same way as other income items for Spanish
corporate income tax, are also, currently, taxable at "35%"for
non residents. Since June 1996 a property sale will be free of capital
gains tax where the property was acquired before the 31/12/1986. ["CGT:
Since June 1996, the rate for residents has been reduced to 20%"]
Income Tax:
New framework as from January 1, 2003 [1 Euro = 166.386Ptas]
General Table: Euros
