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President announces new tax measures to Parliament

|Proposed Changes|Spain
Spain

The President announced in the Parliament the proposal of new economic measures to implement a new model of economic growth based on sustainability. The tax measures are summarized below.

Corporate income tax

A reduction in the corporate income tax rate of 5 percentage points over 3 taxable periods (i.e. 2009 – 2011) for companies (i) with less than 25 employees, (ii) with a turnover of less than EUR 5 million, and (iii) that on 31 December 2009 have maintained or…

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