7. NORMATIVA AUDI ingles
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7.6.4.- Capital Gains Tax and Corporation Tax This is an indirect tax that is generally applied to the transfer of assets that are not liable for VAT and to the incorporation, dissolution, extension and reductions of company capital. The following table shows the basic tax situation of the different types of companies with regard to the main taxes:
Type of Business
Direct Taxes
Branch or permanent establishment Subsidiary in Spain
Corporation Tax 35%
Capitalist company
Corporation Tax 35%
Personalist company
Corporation Tax 35%
Groups of companies
Tax Transparency
Individual trader
Income Tax up to maximum of 48%
Corporation Tax 35%
Indirect Taxes VAT/ Transfer VAT/ Transfer VAT/ Transfer VAT/ Transfer VAT/ Transfer VAT/ Transfer
Tax Tax Tax Tax Tax Tax
7.6.5.- Audiovisual Rights The Galician Audiovisual Law 16/1999 (September 1st) establishes, in accordance with the autonomous region’s responsibilities, the general principles and institutional lines of action of the audiovisual sector, which it considers a strategy and priority sector, as well as its promotional mechanisms. This law has resulted in a series of initiatives and projects within Galicia, such as the creation of the Galician Audiovisual Consortium, conceived as a public entity for promoting and boosting activities aimed at developing the audiovisual sector, or the Galician Film Commission. Also of recent creation is the Advisory Committee of the Future Galician Audiovisual Cluster (group of companies belonging to the same sector), whose objectives include organising innovation, research and sector development projects, increasing the sector’s competitive capacity, the continuous training of its human resources, the search for new markets and, in short, revitalising the industrial fabric. The Copyright Law is the legal document regulating the rights of audiovisual works and their authors. In accordance with Article 86 of the said law, audiovisual works refer to all creations expressed by means of associated images, with or without an incorporated sound track, which are essentially intended for screening using projection devices or by any other public means of image and sound communication, regardless of the type of formats employed by such works. Within audiovisual works, the law distinguishes between collaboration works, the unitary result of collaboration between several authors, whose rights correspond to all of them, and collective works, i.e. works created on the initiative and under the coordination of an individual or legal entity that edits and distributes them under his/its name, and formed by the coming together and contribution of different authors, whose personal contributions are merge into a single creation. In this case, unless agreed otherwise, the collective work’s rights correspond to the person that edits and distributes it under his name.
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7. Audiovisual Regulations