TAX EXEMPTION OR SUBSIDY AT LEGAL MAXIMUM
Reduce your tax liability to the maximum by implementing your activity
Miranda de Ebro has designed an ideal tax environment for entrepreneurial implementation, in the form of direct and real measures that cancel out or drastically reduce costs in direct taxation for the years required to enable companies to grow with guarantees, through subsidized taxation reaching legal maximums and total exemption.
The Miranda de Ebro Town Council has set up a tax plan (twoyearly seasonality) to promote the implementation of new economic activities, investment and to create employment with a preferential taxation based on incentives and subsidies for entrepreneurial activities, whose promotion and attraction are considered strategic for the town.
The most outstanding subsidies and exemptions are:
- 95% subsidy of the ICIO (municipal tax applicable to building, installations and infrastructural work) for building industrial premises and works on the lot.
- Exemption from payment of the Business Activity Licence.
- 95% subsidy on Property Tax.
- The exemption from paying the IAE during the first two years and the reduction of the fee for the next 5 years to 50%. And for job creation or increase in staff with an indefinite contract:
| Increase in permanent contract workforce | Subsidy |
|---|---|
| 2% | 9% |
| > 2% until 5% | 11% |
| > 5% until 10% | 15% |
| > 10% | 25% |
| > 25% | 40% |
- And there are further subsidies and exemptions, regarding Capital Gains and other lesser taxes on water, waste, drainage or vehicles.
