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Tax proposals included in the draft bill of the Law on Entrepreneurship and Internationalization

29 July 2013

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Proposed Changes

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Spain

The draft bill of the Law on Entrepreneurship and Internationalization has become available. Details of the bill regarding the proposed tax-related amendments are summarized below. Corporate income tax -   Tax credit on reinvestment: companies with a turnover of less than EUR 10 million would be entitled to a credit of 10% of the profits obtained in the tax period if such profits are reinvested in fixed assets or immovable property. The credit would be 5% for companies subject to a reduced corporate income tax rate provided the workforce is maintained by the company. -   R&D and technological innovation...