Taxation

Tax deductions

The tax deductions applicable to financial collaborations with ALBOAN vary based on place of residence and type of person (individual or legal entity).

Individuals (personal income tax)*

30% deduction on total tax liability

Self-employed (personal income tax)*

Deductible amount for Taxable Income

18% deduction on total tax liability

Legal entities (Corporation Tax)*

Deductible amount for Taxable Income

18% deduction on total tax liability minus tax credits

Regulations

Local regulation 16/2004 Corporation Tax Art.29

Priority activity

Individuals (personal income tax)*

30% deduction on total tax liability

Self-employed (personal income tax)*

Deductible amount for Taxable Income

18% deduction on total tax liability

Legal entities (Corporation Tax)*

Deductible amount for Taxable Income

18% deduction on total tax liability minus tax credits

Regulations

Local regulation 1/2004 Art.29

Priority activity

Individuals (personal income tax)*

30% deduction on total tax liability

Self-employed (personal income tax)*

Deductible amount for Taxable Income

18% deduction on total tax liability

Legal entities (Corporation Tax)*

Deductible amount for Taxable Income

18% deduction on total tax liability minus tax credits

Regulations

Local regulation 3/2004 Corporation Tax Art.29

Individuals (personal income tax)*

New tax reform

Legal entities (Corporation Tax)*

New tax reform

Regulations

Local regulation 49/2002

Art.19 Personal income tax

Art.20 Corporation Tax


*Deductions subject to limitations. Consult regulations.

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