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Tax breaks small and medium sized companies Spain

Companies with a turnover of less than € 10 million are entitled to a tax benefit of 10 % of their profits this year .
Around 385,000 businesses will be affected by the change , which is a total savings of tax will have. 600 million resulting

The action is one of a number of tax changes that take effect in an effort to revive the floundering Spanish economy . Kickstart this year

Those looking to invest in start-up companies , so-called business angels , will also benefit from a 20 % income tax reduction on investments of at least € 50,000 . They will be exempt from capital gains tax if they leave the company if they reinvest in a new or recently created .

The most common change is being worked on IVA ( VAT) , companies can defer payment until after the bill is paid .

The regulation applies to small and medium-sized businesses and self-employed with a turnover of less than € 2 million per year.

Those who want to use must register before March 31.

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