Corporate income tax – amended

On 5 July 2007, Law 16/2007 of 4 July 2007 was published in the Official Gazette introducing changes to the provisions governing the accounting principles under which Spanish companies must file their annual accounts. Law 16/2007 amended, amongst others, the Commercial Code and the Law on Limited Liability Companies. The Law generally follows Law 62/2003 of 30 December 2003 which established that as of 1 January 2005, qualifying companies with securities listed on an of…