18 July, 2013

Spanish Corporation tax rules, tricks & tips, (I) Spanish Corporation tax rules, tricks & tips, (I)

Share This:


By PBS corporate tax team

The Spanish Corporate income tax compliance season for companies having a fiscal year coinciding with the calendar year is on.

Here at PBS we would like to remind you of some of the tax measures affecting the calculation of the taxable base, applying in fiscal year 2012, that you cannot forget while preparing your annual return.

Goodwill and intangible assets’ amortization

It is temporarily subject to a maximum percentage of 1% on goodwill, while 2% applies on intangible assets having an indefinite useful life, (i.e., trademarks).

Tax-free depreciation

As of March 31st 2012, tax-free depreciation on tangible assets and real estate investments is eliminated. A transitory system allowing tax-free depreciation is provided for investments up until March 30th , 2012. Do not miss the opportunity to check whether you can still apply this transitory system.

Limitation on the offset of tax losses carried forward

Taxpayers having a turnover in between 20 to 60 million € can offset their pending tax losses up to 50% of the taxable base previous to the compensation. Such limit is reduced to 25% for companies having a turnover equal to or exceeding 60 million €.

Tax losses extension

The term to apply tax losses pending application on January 1st, 2012 is extended to 18 years.

Share This:


Orense 34, planta 8ª 28020.
T+34 91 192 21 22


General Mitre 28-30 08017.
T+34 93 363 65 10


Based in Barcelona and Madrid. Englobally is our Latin American business partner established in Santiago de Chile.

We are also part of Englobally Group, an international association of independent accounting and advisory firms that provide a one-stop shop managed solution for accounting, payroll and HR needs, with member firms in over 25 countries and associates working in many others. Many fast growing technology and lifescience businesses find their international services invaluable. Companies in many other sectors are attracted by the close and supportive way Englobally Group works.



Please leave this field empty.


Please type the code below