Corporation Tax (“IRC”)
Non-residents companies - offshore companies
What rates are applicable?
Non-residents without a permanent establishment are subject to tax at 25%. However, as indicated below this rate may vary according to the type of income.
| Type of income |
Rates |
| Rental income* |
15% |
| Capital Gains |
25% |
*See more on “Rental Income” section
Definitive withholding tax would be applicable in the following situations:
| Type of income |
Rates |
| Dividends and income from nominative or bearer securities and the liquidation proceeds attributed to shareholders |
25% |
| Dividends distributed to entities resident in an European Union Member State |
25% |
| Royalties/technical assistance and equipment rentals |
15% |
| Income from bonds and other financial investments |
20% |
| Interest and royalty payments between associated companies (4), where the beneficial owner is a company of another Member State or a permanent establishment situated in another Member State of a company of a Member State (Directive n.º 2003/49/EC) |
20% |
| Prizes from raffles, sweepstakes, lotto, games and contests |
35% |
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