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 reformLegal entities (Corporation Tax)*
New tax reformRegulations
Local regulation 49/2002
Art.19 Personal income tax
Art.20 Corporation Tax
*Deductions subject to limitations. Consult regulations.
