SOCIMI

Last February 6th and 7th, Inmaculada Pineda, Partner at B Law & Tax, and Icíar Martínez, tax advisor of the firm specialized in Real Estate tax advisory, met with the team of Banque de Luxembourg....

The Spanish Law establishes a Special Regime for companies with a share capital of at least EUR 5 million, under which the Corporate Tax rate is 0%. This Special Regime is called SOCIMI and it has its own regulation.

This is an optional regime. The option to be subject to the SOCIMI regime must be agreed by the General Shareholders Meeting and must be communicated to the Tax Agency Authorities corresponding to the company's tax domicile, before the last three months prior to the conclusion of the relevant tax period.