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Spanish Corporate Tax (Impuesto sobre Sociedades - IS) is a direct tax levied on the profits of legal entities and certain other income-generating entities resident in Spain. It encompasses the taxation of corporate income, capital gains, and certain other economic benefits.
The standard Corporate Tax rate in Spain is 25%. However, specific rates apply to certain entities, such as newly formed companies which pay 15% for the first two years of taxable profit. The tax period generally coincides with the financial year, not exceeding 12 months, and taxpayers must file their Corporate Tax return (Form 200) electronically with the Agencia Estatal de Administración Tributaria (AEAT) within 25 calendar days following the six months after the end of the tax period.