Business · Economy · 8 hrs ago

Spain’s large companies pay tax equal to 8.9% of their profits

Spain’s large companies pay tax equal to 8.9% of their profits

Spain’s large companies pay tax equal to 8.9% of their profits, according to figures from the country’s Tax Agency.

The figures cover large businesses in Spain.

The financial sector had the lowest tax rate on profits among the activities the agency analyzed.

The figures compare taxes paid with company profits, rather than giving a single rate for every business.

The 8.9% figure describes the group overall, while rates differ across sectors.

The agency’s sector comparison shows that financial firms pay the lowest share among those studied.

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