Spain Corporate Income Tax
Detailed corporate income tax rates and rules for Spain in 2026.
Spain levies corporate income tax (Impuesto sobre Sociedades) at a standard rate of 25%. Small and medium-sized enterprises with net turnover below €1 million benefit from a reduced rate of 23%. Newly created companies are taxed at 15% for their first profitable tax period and the following one. Credit institutions and hydrocarbon companies are subject to a 30% rate.
Standard Rate
25%
Small Business Rate
23%
Additional Notes
Spain imposes a minimum effective corporate tax rate of 15% of the tax base (10% for newly created entities). International tax transparency rules (CFC rules), interest limitation rules (30% of EBITDA), and anti-hybrid mismatch rules apply. Spain allows tax loss carryforwards indefinitely but limits their use to 70% of the tax base (25% for large companies with turnover above €20 million). A tax consolidation regime is available for groups where the parent holds at least 75% of subsidiaries.
How Spain Corporate Tax compares
Spain’s corporate tax rate of 25% is the 69th highest of 203 countries TaxAtlas tracks, above the global average of 22.2% and Europe’s regional average of 19%.
