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Budget for 2014 – submitted to parliament

02 December 2013

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Proposed Changes

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Spain

On 27 September 2013, the government approved the submission of the bill of the Budget for 2014 to the parliament. According to the government, there will not be any increase in taxes for 2014 due to the positive effect on revenue collection of the last tax reforms approved by the government. Corporate taxation According to the government, there will be a decrease in taxes for certain corporate taxpayers reflected in: -   a reduced tax rate for the new entrepreneurs; -   a special tax credit for business angels; and -   10% tax credit for SMEs in case of...