Following approval by Congress on November 20, the laws amending Spain's individual and corporate tax regimes was published on 28 November 2014. The main changes introduced include:

Corporate Income Tax

• The corporate income tax rate will be reduced from 30% to 28% in 2015 and to 25% in 2016 (25% in 2015 for companies with a taxable base less than €300,000)
• The reduced corporate rate of 15% …