On 1 December 2022, the Spanish Congress of Deputies definitively approved the Law for the promotion of the ecosystem of emerging companies (the "Startup Law"). The law provides the following beneficial measures for innovative startups:
- The tax rate for corporate tax and non-resident income tax is reduced from the general rate of 25% to 15% for the first four fiscal years after taxable income is first recorded;
- Corporate tax and non-resident income tax payments for the first two years in whi…