Tax Law: Article 13 - Minimum Revenue & Income
Chapter 3 - Tax Imposition and Entitlement [G1]
Article 13 - Minimum Revenue & Income
The tax due on a taxpayer shall be zero for any tax period in either of the following two cases:
The average total revenues of the taxable entities within a group, along with any adjustments made to them, are less than 10 million euros or its equivalent.
The average total net income of the taxable entities within a group is less than 1 million euros or its equivalent.
The average is calculated for the tax period in question and the two preceding periods. This provision does not apply to investment entities or stateless entities.