News on Corporation Tax (IS) for 2015

Civil societies (SCPs and others)

As of January 2016, civil companies that have commercial activity must pay corporate tax.

It remains to be seen how this novelty will apply, but for practical purposes, it means that these companies will stop paying income tax and will do so through the IS.

It should be noted that these are only companies with commercial activities, not those with professional activities, which will continue in the same way.

Non-deductible expenses

Deductible expenses for Public Relations are limited, such as gifts, meals, invitations, etc.

It is expected that as of 2015, the deductibility of these expenses will be limited to 1% of the company’s turnover.
This modification does not affect other expenses, such as Christmas baskets, delivery of samples, etc.

Patrimonial companies

After formally disappearing, the concept of Patrimonial Society returns; review your situation to verify that it is not in this section.

They are considered patrimonial (and, therefore, that they do not carry out the economic activity) when more than half of their assets are made up of securities or are not affected by economic activity.

Change in corporate tax deductions