{"id":10998,"date":"2022-06-28T06:58:29","date_gmt":"2022-06-28T06:58:29","guid":{"rendered":"https:\/\/asesoriafenix.com\/corporate-income-tax-news-2021\/"},"modified":"2026-03-11T09:38:06","modified_gmt":"2026-03-11T09:38:06","slug":"corporate-income-tax-news-2021","status":"publish","type":"post","link":"https:\/\/asesoriafenix.com\/en\/corporate-income-tax-news-2021\/","title":{"rendered":"CORPORATE INCOME TAX. NEWS 2021"},"content":{"rendered":"\t\t
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There are only a few days left to reach the middle of this year 2022 and also to start the filing of the 2021 Corporate Income Tax<\/a>, a date eagerly awaited by the team of Asesor\u00eda y Consultor\u00eda F\u00e9nix<\/strong> and its clients<\/strong>.<\/p>\n

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Surely you are interested in the novelties<\/strong> for this year, and I am going to reveal them step by step.<\/p>\n

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First…<\/p>\n

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What is Corporate Income Tax?<\/strong><\/h2>\n

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The figure of the self-employed is not the only legal figure, there are many more. And if a self-employed person declares the “accounts” of his activity in the Income Tax Return<\/strong>, the companies and other entities do it through the Corporate Tax<\/strong>. <\/p>\n

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If you have landed on this page by chance or are simply looking for information about this tax, you should know that it is a personal and direct tax levied on income obtained by companies <\/strong>and other legal entities residing in Spanish territory.<\/p>\n

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It is structured around the accounting<\/strong> and the determination of the accounting result of the company or organization. It represents the starting point for determining the taxable income<\/strong> and the amount to be paid<\/strong> annually. <\/p>\n

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What is the deadline for submission?<\/strong><\/h2>\n

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Once this association has been made, you should know that the deadline is much shorter, in this case it is a little more than three weeks to file the Corporate Income Tax. Starts July 1, 2022 and ends July 25, 2022.<\/strong><\/p>\n

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The Corporate Income Tax Return is made by filing Form 200<\/strong>, and Form 220<\/strong> if it is for groups of companies.<\/p>\n

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How is the taxable income calculated?<\/strong><\/h2>\n

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To obtain the amount to be paid for corporate income tax<\/strong>, the difference<\/strong> between the income obtained<\/strong> and the expenses<\/strong> incurred in the year must first be calculated.<\/p>\n

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To this result, also called Operating Result<\/strong>, corrections or adjustments are applied due to existing differences, if applicable, and we will obtain the previous taxable income.<\/p>\n

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If there are negative taxable bases<\/strong> from previous years (losses to compensate), they can be subtracted at this moment, and thus we will obtain the taxable base. The only thing left to do is to apply the tax rate<\/strong> to obtain the total tax liability<\/strong>. <\/p>\n

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The allowances<\/strong> and deductions<\/strong> to which we are entitled can be deducted from this total tax liability. Finally, applying the withholdings and payments on account<\/strong> supported (if any) the differential quota<\/strong> would be obtained. This amount represents the payment that will have to be made to the Treasury. <\/p>\n

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How much tax is paid?<\/strong><\/h2>\n

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One of the main reasons why companies, or other legal entities, are attractive is the tax advantage<\/strong>. That is to say, the tax burden is lower compared to that of a self-employed person<\/strong>, if certain limits are exceeded. <\/p>\n

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There are several tax rates<\/strong> (percentages):<\/p>\n

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