The main condition is that the parent company holds at least 95% of the shares in the subsidiary. The formation of a tax group is subject to certain conditions. The main benefit of a tax group is that a loss incurred by one company can be deducted from the profits earned by other companies in the group. However, if a parent company forms a tax group (also referred to as a fiscal unity) with one or more of its subsidiaries, the Tax and Customs Administration will on request treat the companies as a single taxpayer. In principle, every company pays its own corporate income tax. All profits earned from innovative activities are taxed at this special rate. The innovation box provides tax relief to encourage innovative research.
CAPITAL GAINS TAX BRACKETS SINGLE PLUS
If the taxable amount is more than € 395,000, the corporate income tax rate is € 59,250 plus 25,8% for the taxable amount exceeding € 395,000.Ī reduced rate of 9% applies to activities covered by the innovation box.If the taxable amount is € 395,000 or less, the corporate income tax rate is 15%.The taxable amount is the taxable profit in a year reduced by deductible losses. The corporate income tax rate depends on the taxable amount. Natural persons (such as the self-employed) pay tax on their profits through their personal income tax returns. Some legal entities that collectively invest, may also be exempt from corporate income tax. Some legal entities, such as fiscal investment institutions, do not pay corporate income tax. In certain circumstances, foundations and associations must also file corporate income tax returns. Public and private companies usually have to pay corporate income tax on their profits. Special rules apply to companies that form a tax group and to companies that own 5% or more of another company. Public and private companies pay corporate income tax on their profits.
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