The Corporate Tax Rate in Spain stands at 25 percent. This dataset provides the latest reported value for - Spain Corporate Tax Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Spain ES: Total Tax Rate: % of Profit data was reported at 46.900 % in 2017. This records a decrease from the previous number of 48.700 % for 2016. Spain ES: Total Tax Rate: % of Profit data is updated yearly, averaging 55.800 % from Dec 2005 (Median) to 2017, with 13 observations. The data reached an all-time high of 60.700 % in 2007 and a record low of 37.600 % in 2012. Spain ES: Total Tax Rate: % of Profit data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Spain – Table ES.World Bank.WDI: Company Statistics. Total tax rate measures the amount of taxes and mandatory contributions payable by businesses after accounting for allowable deductions and exemptions as a share of commercial profits. Taxes withheld (such as personal income tax) or collected and remitted to tax authorities (such as value added taxes, sales taxes or goods and service taxes) are excluded.; ; World Bank, Doing Business project (http://www.doingbusiness.org/).; Unweighted average; Data are presented for the survey year instead of publication year.

The Withholding Tax Rate in Spain stands at 19 percent. This dataset includes a chart with historical data for Spain Withholding Tax Rate.

Portugal had the highest combined corporate income tax rate in 2023, reaching 31.5 percent, and was followed by Germany with a rate of 29.94 percent. On the other hand, Hungary had the lowest combined corporate income tax rate, reaching just nine percent in 2023.

The Personal Income Tax Rate in Spain stands at 47 percent. This dataset provides the latest reported value for - Spain Personal Income Tax Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

This statistic contains the consolidated information of individual companies not integrated into groups that declare in model 200 and the consolidated groups that do so in model 220. This new information, which is complementary to that provided in the Statistics of the Annual Accounts in the Corporation Tax, will provide the liquid contribution consolidated by corporate tax with accrual criteria.

Corporate tax contains a Consolidation Tax Scheme that allows companies to declare and tax tax on a consolidated basis. The objective of this publication is to expand the information related to consolidated groups, disaggregating the information already published for the total number of companies for groups of non-financial institutions, credit institutions and insurers, combining the data declared by individual companies and consolidated groups, with details of the main amounts declared and the effective rates per turnover and number of employees in such a way that the total data by type of entity correspond to the actual taxation of entities subject to corporate tax in Spain.

In order not to skew the calculation of the effective rates, companies that are taxed at rate 0 (Pension Funds, UTES and SOCIMIS) or their tax rate is 1 % (Collective Investment Institutions and SICAV) are eliminated.

Spain ES: Time to Prepare and Pay Taxes data was reported at 152.000 Hour in 2017. This stayed constant from the previous number of 152.000 Hour for 2016. Spain ES: Time to Prepare and Pay Taxes data is updated yearly, averaging 187.000 Hour from Dec 2005 (Median) to 2017, with 13 observations. The data reached an all-time high of 298.000 Hour in 2007 and a record low of 152.000 Hour in 2017. Spain ES: Time to Prepare and Pay Taxes data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Spain – Table ES.World Bank: Company Statistics. Time to prepare and pay taxes is the time, in hours per year, it takes to prepare, file, and pay (or withhold) three major types of taxes: the corporate income tax, the value added or sales tax, and labor taxes, including payroll taxes and social security contributions.; ; World Bank, Doing Business project (http://www.doingbusiness.org/).; Unweighted average; Data are presented for the survey year instead of publication year.

ES: Total Tax and Contribution Rate: % of Profit data was reported at 47.000 % in 2019. This stayed constant from the previous number of 47.000 % for 2018. ES: Total Tax and Contribution Rate: % of Profit data is updated yearly, averaging 55.300 % from Dec 2005 (Median) to 2019, with 15 observations. The data reached an all-time high of 60.700 % in 2007 and a record low of 37.600 % in 2012. ES: Total Tax and Contribution Rate: % of Profit data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Spain – Table ES.World Bank.WDI: Company Statistics. Total tax rate measures the amount of taxes and mandatory contributions payable by businesses after accounting for allowable deductions and exemptions as a share of commercial profits. Taxes withheld (such as personal income tax) or collected and remitted to tax authorities (such as value added taxes, sales taxes or goods and service taxes) are excluded.; ; World Bank, Doing Business project (http://www.doingbusiness.org/).; Unweighted average; Data are presented for the survey year instead of publication year.

Key information about Spain Tax Revenue

• Spain Tax Revenue was reported at 383.092 USD bn in Dec 2023.
• This records an increase from the previous figure of 348.102 USD bn for Dec 2022.
• Spain Tax Revenue data is updated yearly, averaging 272.867 USD bn from Dec 1995 to 2023, with 29 observations.
• The data reached an all-time high of 383.092 USD bn in 2023 and a record low of 121.358 USD bn in 1997.
• Spain Tax Revenue data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Tax Revenue: USD: Annual.

CEIC calculates annual Tax Revenue as the sum of Taxes on Production, Taxes on Income and Wealth and Capital Transfer Tax and converts it into USD. General Comptroller of the State Administration provides Tax Revenue in EUR. Federal Reserve Board average market exchange rate is used for currency conversions.

We compile raw data from the Datastream database for all stocks traded on the Spanish equity market. Particularly, we compile the following data series: (i) total return index (RI series), (ii) market value (MV series), (iii) market-to-book equity (PTBV series), (iv) total assets (WC02999 series), (v) return on equity (WC08301 series), (vi) dividend yield (DY series), (vii) price-to-earnings ratio (PE series), and (viii) effective tax rate (WC08346 series). We use the filters suggested by Griffin, Kelly, and Nardari (2010) for the Datastream database to exclude assets other than ordinary shares from our sample. Hence, our sample comprises 443 companies, including all firms that started trading within the time interval under study, as well as those that were delisted. As a proxy for the risk-free rate, we use the three-month Treasury Bill rate for Spain, as provided by the OECD. Accordingly, the dataset comprises the following series:

1. Spain_9_Portfolios_SIZE_BEME: Monthly returns for 9 size-book-to-market equity portfolios, following the Fama and French (1993) methodology. (Raw data source: Datastream database)
2. Spain_9_Portfolios_DY_PE: Monthly returns for 9 dividend yield-price-to-earnings ratio, following the Fama and French (1993) methodology. (Raw data source: Datastream database)
3. Spain_9_Portfolios_SIZE_TR: Monthly returns for 9 size-effective tax rate portfolios, following the Fama and French (1993) methodology. (Raw data source: Datastream database)
4. Spain_FF_3_Factors: Monthly returns for the constituents of the three classic factors of Fama and French, following the Fama and French (1993) methodology. (Raw data source: Datastream database)
5. Spain_FF_5_Factors: Monthly returns for the constituents of the five factors of Fama and French, following the Fama and French (2015) methodology. (Raw data source: Datastream database)
6. Spain_RF: Three-month Treasury Bill rate for Spain. (Raw data source: OECD)
7. Spain_Avg_Tax_Rate: Value-weighted effective tax rate paid by companies traded in Spain. (Raw data source: Datastream database)

REFERENCES:

Fama, E. F. and French, K. R. (1993). Common risk factors in the returns on stocks and bonds. Journal of Financial Economics, 33, 3–56. Fama, E. F. and French, K. R. (2015). A five-factor asset pricing model. Journal of Financial Economics, 116, 1–22. Griffin, J. M., Kelly, P., and Nardari, F. (2010). Do market efficiency measures yield correct inferences? A comparison of developed and emerging markets. Review of Financial Studies, 23, 3225–3277.

This statistic shows the corporate tax on profit paid by the social media Facebook in Spain between 2010 and 2019. The company paid 34.4 million euros in 2019, including multiple settlements for underpayment in the previous six years.

Spain ES: Profit Tax: % of Commercial Profits data was reported at 10.600 % in 2017. This records a decrease from the previous number of 12.500 % for 2016. Spain ES: Profit Tax: % of Commercial Profits data is updated yearly, averaging 20.800 % from Dec 2005 (Median) to 2017, with 13 observations. The data reached an all-time high of 23.400 % in 2007 and a record low of 1.200 % in 2012. Spain ES: Profit Tax: % of Commercial Profits data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Spain – Table ES.World Bank.WDI: Business Environment. Profit tax is the amount of taxes on profits paid by the business.; ; World Bank, Doing Business project (http://www.doingbusiness.org/).; Unweighted average; Data are presented for the survey year instead of publication year.

In 2023, Telefónica, a telecommunications company, ranked first on the list of leading companies by earnings before interest, taxes, depreciation and amortization (EBITDA) in Spain. It had an EBITDA of more than 12 billion euros. Iberdrola and Inditex ranked second and third that year, with approximately 12 and eight billion euros, respectively.

In 2023, the tax revenue as share of the GDP in Spain stood at 37.5 percent, this supposed an increase of a mere 0.2 percent with respect to 2021 and and increase of 4.45 percentage points compared with the year 2000.

This statistic shows the taxes on benefits declared by the social network Twitter in Spain from 2013 to 2016. The social network company payed significantly less tax on their profits from 2018 to 2019, with the total bill amounting to 100,118 euros. This comes despite Twitter's incomes and profits before tax increased significantly in the last year.

Table comparing general, reduced, and super-reduced VAT rates in Spain, with examples of products and services for each category and VAT-exempt items.

In 2022, the highest share of government tax revenue came from the social insurance taxes with a total of 34 percent. It was followed by consumption taxes, which constituted 27.7 percent of the total tax revenue in Spain.

The dataset with information about Spanish SAM, the consumption patters of Spanish housedolds and about the matrix of conversión of coefficientsFile list: DATOSESRTAXES_2020.doc: The file contains a Sectoral Breakdown SAM for the Spanish Economy 2010, Detailed Description of the Structure and Data Sources of the Spanish SAM with Heterogeneous Households, Detailed Description of the Static Spanish AGE model, External Statistical Sources to Calibrate the Static Spanish AGE model, Simulation and Results of Actual VAT and PIT Reforms and Alternative Reforms

File list: ESP2010_H9FISCALALTERNEW_LESPC.xlsx: The file contains a dataset with information about Spanish SAM, the consumption patters of Spanish housedolds and about the matrix of conversión of coefficientsFile list: DATOSESRTAXES_2020.doc: The file contains a Sectoral Breakdown SAM for the Spanish Economy 2010, Detailed Description of the Structure and Data Sources of the Spanish SAM with Heterogeneous Households, Detailed Description of the Static Spanish AGE model, External Statistical Sources to Calibrate the Static Spanish AGE model, Simulation and Results of Actual VAT and PIT Reforms and Alternative Reforms

Spain Tax Debt Rate data was reported at 3.750 % pa in Oct 2018. This stayed constant from the previous number of 3.750 % pa for Sep 2018. Spain Tax Debt Rate data is updated monthly, averaging 7.000 % pa from Jan 1973 (Median) to Oct 2018, with 550 observations. The data reached an all-time high of 13.750 % pa in Dec 1985 and a record low of 3.750 % pa in Oct 2018. Spain Tax Debt Rate data remains active status in CEIC and is reported by Bank of Spain. The data is categorized under Global Database’s Spain – Table ES.M014: Legal and Debt Rate.

Denmark is the European country with the highest top statutory income tax rate as of 2024, with the Nordic country having a top taxation band of **** percent. Other countries with high taxes on top earners included France, with a top rate of **** percent, Austria, with a top rate of ** percent, and Spain, with a top rate of ** percent. Many countries in Europe have relatively high top income tax rates when compared with other regions globally, as these countries have relatively generous social systems funded by tax incomes. This is particularly the case in Western, Northern, and Central Europe, where the social state is generally stronger. On the other hand, formerly communist countries in the Central and Eastern Europe (CEE) region tend to have lower top income tax rates, with Romania and Bulgaria having the lowest rates in Europe in 2024, with their top income tax brackets both being only ** percent. These countries often have less well-developed social systems, as well as the fact that they must compete to retain their workers against other European countries with higher average wages. In spite of low-income taxes, these countries may take other deductions from employee's wages such as pension and healthcare payments, which may not be included in income taxation as in other European countries.