The taxable base is the amount on which the amount of a certain tax to be paid by a natural or legal person is calculated.
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How to calculate the taxable base?
The calculation of the taxable base is determined by law (and more specifically in the development regulation) of the tax to which it refers.
Taxable base in the main taxes
So it seems like a very abstract concept, but applied to a specific tax it is easier to measure. I’ll tell you what the taxable base is in each of the main taxes and you’ll see how it’s easier to understand:
- Personal Income Tax (IRPF): The taxable base is constituted by all income obtained by the natural person obligated to pay the tax.
- Corporate Tax (IS): The taxable base is constituted by all profits obtained by a legal person.
- Value Added Tax (VAT): The taxable base is the consideration for the product or service acquired, subtracting concepts that do not carry VAT such as insurance, discounts…
We hope this information is very useful to you.