OrbitaxTax proposals included in the draft bill of the Law on Entrepreneurship and Internationalization
|Proposed Changes|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 cr… |