Accountancy in Spain

>> Allowances in Spain

Capital Allowances

Taxable base in both cases is different, and the custom duty must be added to determine the taxable base for import VAT.
Capital allowances are not deductible  from profits.

Economic activities tax

An annual tax, at fixed amounts in the tax code, is levied on the practice of professional and industrial activities by companies, and considers the floor area of the premises occupied for the performance of the activity. Companies with annual turnover under €1,000,000  are exempt from this tax.


Latest version updated 11th October 2017

Country Breakdown

46.56

Million

Population

Euro

Currency

$ 1.232

Trillion

GDP

505,990

km2