We want to inform you about the most important tax updates for 2025 that may impact your business. These measures include changes to corporate tax rates, tax benefits for investments in the Canary Islands, and enhancements to the capitalization reserve. Below, we summarize the key points:
1. New Corporate Tax Rates
- Microenterprises (turnover under €1 million):
- For taxable income up to €50,000: 17% (from 2025).
- For the remaining taxable income: 20%.
(With a transitional regime: 21%-22% for 2025, and 19%-21% for 2026).
- Small businesses (turnover under €10 million):
- General rate: 20% (from 2025).
(With a transitional regime: 24% in 2025, gradually decreasing to 21% in 2028).
- General rate: 20% (from 2025).
2. Reserve for Investments in the Canary Islands (RIC)
New incentives related to the rehabilitation of protected housing in the Canary Islands have been introduced, including:
- Initial investments in land designated for the rehabilitation of protected housing for rental to individuals registered in the Public Registry.
- New materialization options, such as subscribing to public debt aimed at financing rehabilitation projects.
These measures strengthen tax benefits for investments that contribute to the economic and social development of the Canary Islands.
3. Capitalization Reserve
- From 2025, the general reduction percentage increases from 15% to 20%.
- Additional benefits if you increase your workforce:
- Workforce growth between 2%-5%: 23%.
- Workforce growth between 5%-10%: 26.5%.
- Workforce growth above 10%: 30%.
- Reduction limits:
- General: 20% of taxable income.
- Microenterprises: Increased to 25%.
These changes present significant opportunities to optimize your company’s tax position. Should you have any questions or require guidance on how to benefit from these updates, please don’t hesitate to contact us.
We are here to help you make the most of these tax advantages.