Spain has published Notice 1 and Notice 2 in the Official Gazette, announcing that the Constitutional Court will review the constitutionality of Spain’s advance corporate income tax payment requirements.
The questions focus on the constitutionality of requiring large companies with a turnover of over EUR 10 million to pay a minimum advance tax of 23% on accounting profits without considering deductions and exemptions used in self-assessment.
The issue is whether the requirements infringe on the Constitutional principle of economic capacity. The parties are invited to present their arguments before the Court within 15 days of the notice’s publication.
