SMEs take center stage in the unexpected tax reform that the Government has proposed, taking advantage of the amendments proposed this week on extraordinary taxes on banks and energy companies. Specifically, the Junts amendments have also moved away from the focus of large companies, the maintenance of the tax on banking or the end of the tax on energy companies, and propose a fiscal package to benefit SMEs and microenterprises. It will progressively reduce the corporate tax until 2027applying a rate of 17% in the first tranche of 50,000 euros to microSMEs and 20% in general. It also proposes a deduction of up to 30% that rewards those SMEs that generate jobs and increase their size.
Aware that the Catalan business fabric, and the country, is made up mostly of SMEs, Junts values its initiative as a commitment to preserve business activity in the region, as elEconomista.es has learned. It will mean savings of 9.5 billion nationally – 2.5 billion in Catalonia – for companies that invoice up to 10 million euros.
The sector’s employers at the state level, Cepyme, are evaluating the scope of the measures proposed in the package of amendments. In Catalonia, the president of the business organization Pimec, Antoni Cañete, showed his gratitude to Junts for making a historic claim a reality.
SMEs with turnover less than 1 million
Companies with a net turnover of less than 1 million euros will have a reduced tax rate from the current 23%. The first tranche that taxes up to 50,000 euros will be taxed at 21% in 2025, and the rest of the tax base will be taxed at 22%. In 2026, the rate applied to Companies will go to 19% in the first tranche of 50,000 euros and the rest will remain at 21%. In 2027, the first tranche of 50,000 euros will have a rate of 17%, while the rest will have a rate of 20%.
SMEs with turnover of 1 to 10 million
Small and medium-sized companies will also have a tax reduction adjusted to their size and business volume. SMEs with a net turnover of 1 to 10 million euros will have a progressive reduction in Companies until 2027. The rate currently applied from 25% will go to 24% in 2025, to 23% in 2026, to 22% in 2027, 21% in 2028 and 20% in 2029.
Deduction for reinvestment to generate employment
Junts’ proposal is committed to SMEs and micro-SMEs that reap benefits and reinvest capital for job creation, rewarding those that generate more jobs. Thus, these bonuses for business reinvestment in human capital will have their tax premium for companies.
Companies with a turnover of less than 1 million euros that increase their workforce between 2% and 5% will have a bonus in the Company base of 23%. Those that increase their workforce from 5% to 10% will have a deduction of 26.5% on the base. And for those who create 10% more positions there will be a 30% reduction on the base. It will limit the deduction of the corporate tax base to 25%.
The deduction for increasing the workforce will be similar to microbusinesses with turnover of up to 1 million euros, with one nuance: the limit will be set at 20% of the tax base. Finally, companies that have a turnover of more than 10 million euros will have the same deduction in the corporate tax base. Catalan training wants to ensure that SMEs progressively increase the size of their workforce with a tax incentive that benefits this progress.
For mutualists, social contributions…
Within the agreement to reform taxation in the coming years, Junts has included an amendment to stop the rate that the Government wanted to impose on mutual companies. The Government wanted to carry out this tax that was going to affect 2.7 million Catalans who have contracted a health insurance company with an 8% increase in contributions, they explain. With these agreements “investments of more than 1,100 million euros have been saved for the industrial fabric of Catalonia, as well as the linked workplaces,” says Junts deputy Josep María Cruset.
The PSOE, together with Junts, also wants non-profit sports clubs to be able to hire coaches for those under 18 years of age without having to pay the social contributions involved in formalizing an employment relationship. It would subsidize 100% of the contributions for common contingencies of coaches or instructors who train or train minors under 18 years of age in clubs, associations or non-profit sports entities.
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