Unique institutional framework with fiscal autonomy
Strong commitment to legal security and accessibility

Biscay offers a stable and transparent legal framework, ensuring strong legal certainty.

Its own tax system provides targeted incentives for innovation, the energy transition, talent, and the cultural and creative industries, fostering business development and growth.

  • Corporate Tax

    • General rate: 24% (vs. 25% in the rest of Spain)
    • Small enterprises: 20%
    • Micro-enterprises: 18%

  • Income Tax

    • Maximum rate: 49%
    • Expatriate tax regime: 30% exemption on highly skilled employment income

  • Wealth Tax

    • 100% exemption on business transfers within the family group
    • Tax credits for maintaining or creating jobs during business transfers

  • Investment Incentives

    • 10% deduction for investments in new fixed assets
    • Special reserve for investments: enables a reduction of the corporate tax base by up to 45% of the company’s accounting profit
    • Accelerated depreciation for new assets

  • Specific tax deductions in R&D&I

    • 30%-75% deduction for R&D activities
    • 15%-20% deduction for technological innovation
    • Tax credit monetisation instrument to promote R&D&i (64 bis)

  • Specific tax deductions in green transition

    35% deduction for investments and expenses related to sustainable development projects, conservation, environmental improvement and use of more efficient energy sources