On the accounting result, the rate they pay does not reach 4%
MADRID, 20 Oct. (EUROPA PRESS) -
Large companies, those with more than 5,000 employees, paid Corporate Tax in 2020 at an average rate of 17.08% of the tax base, the lowest among the different companies.
This follows from the consolidated annual accounts of the Corporation Tax for the year 2020, the statistics published this Thursday by the Tax Agency, which contains the consolidated information of the individual companies not integrated into groups, which declare in the 200 form, and the groups consolidated, which do so in the 220 model.
If instead of on the tax base the effective rate is observed but on the accounting result, that is, on the profit, this falls drastically to 3.59% in the case of companies with more than 5,000 employees.
Similar amounts appear if the cut between large, medium and small companies is made not based on the number of employees, but according to their turnover. In this case, companies that invoice more than 1,000 million euros per year are taxed at an effective rate of 19.34% on the tax base, but it drops to 5.11% if it is the result on profit.
Despite the fact that the vast majority of large companies, both by number of employees and by level of turnover, are already paying taxes above the minimum rate of 15% established by the Government for the year 2022, the statistics show that as the size of the companies, the rates they pay are higher.
In this way, companies with between 2,500 and 5,000 employees pay an effective rate of 19.41% on the tax base and 6.79% on accounting profit; while businesses with between 1,000 and 2,500 workers pay 20.56% of the tax base and 6.7% of the profit.
In fact, it is the small companies and micro-companies that, according to Treasury statistics, pay the most for Corporation Tax, with an effective rate on the tax base that exceeds 23% in both cases, while small companies pay a 17.51% on profit and micro-enterprises, 14.62%.
The same thing happens if companies are analyzed according to the level of their turnover: while those that invoice more than 1,000 million annually pay an average effective rate on the tax base of 19.34% (5.11% on profit), those that enter between 500 and 1,000 million are taxed at 20.49% (7.7% on profit) and those that invoice between 100 and 500 million, do so at 21.91% (11.52% on profit) .
In this way, companies that enter between 100,000 euros and three million euros per year are the ones that contribute the most to the Treasury, with an average effective rate that exceeds 23% of the tax base and ranges between 13% and 16% if is applied to the benefit.
On average, Spanish companies paid in 2020 an effective rate of 21.79% on the tax base, a percentage that is reduced to 10.12% if extrapolated to the accounting result.
By type of company, the 195 credit institutions (banks) paid an effective rate of 23.43% on the taxable base and 6.64% on profit in Corporate Tax. For the 272 insurers, the rate on the tax base stood at 22.08% and 15.79% on the accounting result.
On their side, the more than one and a half million non-financial companies existing in Spain paid a rate on the tax base of 21.71% and 10.14% on profit.
By sectors, social and personal services and leisure companies are the ones that faced a higher rate on the tax base (23.55%), followed by financial activities and services to companies (22.26%), construction and activities real estate (22.41%), commerce and communications companies (22.07%) and industry, energy and agriculture (20.39%).