This Portuguese taxation, Although it is more advantageous for companies at many points, it has recently encouraged companies to “escape” from the surrounding areas. Portugal. this is how they perceive collaborations Zamora And this is what is happening here and in other provinces of the country, especially those on the border with Portugal. Galicia and all Raya are affected by this phenomenon. Actually, this was mentioned a few months ago. Alberto Núñez Feijoo. “We have to take care of investment, income, inheritance… and capture it. There are no donations, inheritance or inheritance taxes in Portugal. With that, we push our investments outside of Spain. “I experienced how Galician companies settled in Portugal,” he said.
There are no province-specific data, but there are national data and they are meaningful. Increasing number of Spanish companies migrating to Portugal. An advance is companies that have branches in the neighboring country, many of which eventually move the parent company to the other side of the border. In 2010, 434 Zamora companies had branches in Portugal. They had 43,000 workers and billed just over ten million euros. These were mostly large companies. In 2020, the latest available data, the situation has changed. There are 780 Spanish companies with subsidiaries in Portugal. Although the total number of employees decreased to 35,000 people, it almost doubled. So, smaller companies have established themselves in Portugal in recent years.. Billing has hardly changed in the last decade, always National Institute of Statistics.
The tax differences between Spain and Portugal are striking in terms of taxes that companies have to pay. HE Corporation tax Spanish, at 25 percent overall, is four points lower on the other side of the border. But bonuses are higher in non-exclusive liens from commercial companies. Property Transfer TaxThis rate, which fluctuates between 5% and 11.5% in Spain, never exceeds 6.5% in Portugal. Wealth tax, which can reach 3.5% in Spain, does not exist in Portugal. There is no other side of the border Inheritance tax and donationsexisting in Spain, although it is subsidized in many communities, including Castile and LeonThere are some important bonuses.
To escape the treasure
At the national level, they note from the Zamora Chamber of Commerce and Industry that there is no great mobility of companies between the autonomous communities, as these sources recall that the main taxes faced by companies are national and are paid equally across all Spanish territories. . Rather, it is a phenomenon that occurs in Navarre or in the provinces that have a direct border with the Basque Country. In many cases, companies change their registered offices to these regions to take advantage of a more advantageous leasing regime for them.
What could happen at the national level is that companies set up their headquarters in the Community of Madrid to escape the prying eye of the Treasury. “A company that issues ten million invoices stands out in Zamora, and a company that does it goes unnoticed in Madrid,” business sources explain to the newspaper. In this sense, there are companies that choose to relocate their headquarters because it does not mean that production should go to other communities as well.