The Corporation Tax is a direct tax that is applied to the profits obtained by legal entities.

The accounting result is adjusted to arrive at the tax base.

The general tax rate is 10%.

The tax quota is the amount resulting from applying the tax rate to the tax base.

Deductions are established for:

  • Eliminate double internal and international taxation;
  • Creation of jobs;
  • Investments.

In September, taxpayers must make an advance payment of the settlement corresponding to the tax period that is in progress on the first day of this month.

The advance payment is calculated applying the percentage of 50% on the settlement fee of the previous year.

Negative tax bases can offset the positive tax bases for tax periods ending in the subsequent ten years.