In the process of economic development is common the presence of corporations and other legal entities, which by their action must pay a tribute which serious income of such entities, with the idea of receiving societies by contributing to public spending , which helped greatly to social development from a contribution from those entities that have a good capital and therefore more accessible to them is the realization of contributions to public spending.
This tax is imposed on various legal entities and corporations, is the so-called corporate tax, which is presented in the tax system as a means to tax the profits of legal entities, which allows for that this group of taxpayers are made are not only companies of all types, but also entering various associations and foundations.
The corporate tax is a levy of a direct nature, newspaper, proportional to the income of the legal entity which applies personally. The regulation of corporate tax is present in Royal Legislative Decree 4 / 2004 of March 5.
Regarding the implementation of corporate tax, this has no place in the entire territory, with the exception of the Basque Country and Navarre, which allows for its imposition not only on the peninsula but in the different islands and places in which Spain exercised their rights relating to soil, subsoil and waters.
The possibility of imposing the corporate tax, it includes the income required to obtain certain specific subjects, namely the taxpayers to companies, which are legal persons and other entities without a personality.
It is important to consider the income concept that applies both in taxes on companies and to talk about this term reference is being made to the accounting results that provides a body through a subtraction is made to income over expenditures and costs that are generated in the development of activities of that entity. Sometimes a certain amount of income that are not reflected in the accounts, are considered as factors pertaining to income, therefore must be part of the concepts to be considered in taxes to corporations.
To belong to the group of taxpayers to companies, it must meet a residency requirement to endorse the territory, as are the fact that the entity formed under law, the registered office in the entity which is owned by the territory or has the place of effective management in territory, in such a direction and location is in control of all the activities developed by the entity.
Regarding the temporary allocation of corporate tax, this occurs because of the income and expenses are charged to the tax period in which they are generated.
