Corporate Tax (Form 200)

Corporate Tax (IS) levies the profits of companies and other legal entities resident in Spain. The annual return is filed using form 200.

General tax rates (2025)

• General: 25%.
• Newly created entities (first two years with profits): 15%.
• Small entities (turnover < €1M): 23% (gradual reduction).
• Cooperatives: 20%.

Filing deadline

Within 25 calendar days following the six months after the end of the tax period. For companies with a tax year matching the calendar year, the deadline is the first 25 days of July.

Instalment payments

Throughout the year, three instalment payments of Corporate Tax (form 202) must be filed in April, October and December.