## [New Tax Legislation in the Budget Law for 2016](/en_GB/new/new-tax-legislation-budget-law-2016) # New Tax Legislation in the Budget Law for 2016 11 / 03 / 2015 - - [](https://www.linkedin.com/sharing/share-offsite/?url=https://www.garrigues.com/en_GB/new/new-tax-legislation-budget-law-2016) - []() - []() [Download Tax Commentary 7-2015 ![Download](/sites/default/files/inline-images/flecha-abajo.png)](/sites/default/files/noticias/files/comentario-fiscal-7-2015-eng_0.pdf) Previous Next ![](/sites/default/files/noticias/img/cabecera_commentary_19.jpg) On October 30, 2015, the Official State Gazette (BOE) published Law 48/2015, of October 29, 2015, on the General State Budget for 2016 (LPGE). The most important new items of tax legislation in this law are described below. **1. Personal Income Tax** 1.1 Employer paid sickness insurance premiums 1.2 Limits for use of the objective assessment method in fiscal years 2016 and 2017 **2. Corporate Income Tax** 2.1 Reduction to income from certain intangible assets (“patent box”) 2.2 Conversion of certain deferred tax assets into a loan payable by the tax authorities 2.3 Management of the tax **3. Wealth Tax** **4. Value Added Tax** **5. Other amendments** 5.1 Transfer and stamp tax 5.2 Special tax on electricity 5.3 Tax on fluorinated greenhouse gases 5.4 Local taxes 5.5 Charges 5.6 Not-for-profit entities and tax incentives for patronage 5.7 Tax regime applicable to certain transactions performed by the Spanish Mint (Fábrica Nacional de Moneda y Timbre-Real Casa de la Moneda) 5.8 Public Multi-Purpose Income Indicator 5.9 Legal interest rate for money and late-payment interest ### Contact ![Eduardo Abad Valdenebro - Garrigues](/sites/default/files/styles/medium/public/team/photo/Eduardo_Abad_Valdenebro_en_20260611.jpg?itok=XJmuqiG8) [Eduardo Abad](/en_GB/team/eduardo-abad-valdenebro) ![](/themes/custom/garriguestheme/img/iconos/email-contacto.svg)[Contact]() - +34 91 514 52 00 [Madrid](https://www.garrigues.com/en_GB/office/madrid) [Find more professionals](../team) ### Related services - [Tax ](/en_GB/services/tax) - ## Find a publication - [Administrative and Constitutional Law](/en_GB/markdownify/node/3089?f%5B0%5D=service%3A1422) - [Agribusiness and Food](/en_GB/markdownify/node/3089?f%5B0%5D=service%3A1417) - [Automotive](/en_GB/markdownify/node/3089?f%5B0%5D=service%3A1419) - [Banking and Finance](/en_GB/markdownify/node/3089?f%5B0%5D=service%3A1443) - [Corporate and M&A](/en_GB/markdownify/node/3089?f%5B0%5D=service%3A1441) - [Corporate Governance and Sustainable Development](/en_GB/markdownify/node/3089?f%5B0%5D=service%3A12823) - [Criminal Law and Internal Investigations](/en_GB/markdownify/node/3089?f%5B0%5D=service%3A1434) - [Data Economy, Privacy and Cybersecurity](/en_GB/markdownify/node/3089?f%5B0%5D=service%3A10913) - [Dispute Resolution: Litigation and Arbitration](/en_GB/markdownify/node/3089?f%5B0%5D=service%3A1412) - [Energy](/en_GB/markdownify/node/3089?f%5B0%5D=service%3A10916) - [EU and Antitrust Law](/en_GB/markdownify/node/3089?f%5B0%5D=service%3A1416) - [Family Business](/en_GB/markdownify/node/3089?f%5B0%5D=service%3A1413) - [Fashion Law](/en_GB/markdownify/node/3089?f%5B0%5D=service%3A1435) - [Financial Regulation](/en_GB/markdownify/node/3089?f%5B0%5D=service%3A10915) - [G-advisory](/en_GB/markdownify/node/3089?f%5B0%5D=service%3A12821) - [Human Capital Services](/en_GB/markdownify/node/3089?f%5B0%5D=service%3A1431) - [Infrastructure](/en_GB/markdownify/node/3089?f%5B0%5D=service%3A10914) - [Insurance](/en_GB/markdownify/node/3089?f%5B0%5D=service%3A1438) - [Intellectual Property](/en_GB/markdownify/node/3089?f%5B0%5D=service%3A1421) - [Labor and Employment](/en_GB/markdownify/node/3089?f%5B0%5D=service%3A1424) - [Life Sciences and Healthcare](/en_GB/markdownify/node/3089?f%5B0%5D=service%3A1429) - [Media and Entertainment](/en_GB/markdownify/node/3089?f%5B0%5D=service%3A1433) - [Planning, Zoning and Environment](/en_GB/markdownify/node/3089?f%5B0%5D=service%3A1444) - [Private Equity](/en_GB/markdownify/node/3089?f%5B0%5D=service%3A1439) - [Real Estate](/en_GB/markdownify/node/3089?f%5B0%5D=service%3A10927) - [Restructuring and Insolvency](/en_GB/markdownify/node/3089?f%5B0%5D=service%3A1420) - [Securities Markets](/en_GB/markdownify/node/3089?f%5B0%5D=service%3A1442) - [Sports](/en_GB/markdownify/node/3089?f%5B0%5D=service%3A1430) - [Startups & Open innovation](/en_GB/markdownify/node/3089?f%5B0%5D=service%3A1426) - [Sustainability](/en_GB/markdownify/node/3089?f%5B0%5D=service%3A10921) - [Tax](/en_GB/markdownify/node/3089?f%5B0%5D=service%3A1425) - [Technology, Communications and Digital](/en_GB/markdownify/node/3089?f%5B0%5D=service%3A1436) - [Tourism and Hotels](/en_GB/markdownify/node/3089?f%5B0%5D=service%3A1432) - [Transport, Logistics and Shipping](/en_GB/markdownify/node/3089?f%5B0%5D=service%3A1428) Facet Services detail - [Publications](/en_GB/markdownify/node/3089?f%5B0%5D=publication_type%3A794) - [Newsletters](/en_GB/markdownify/node/3089?f%5B0%5D=publication_type%3A107) - [Garrigues collection](/en_GB/markdownify/node/3089?f%5B0%5D=publication_type%3A101) - [Laws: amendments at a glance](/en_GB/markdownify/node/3089?f%5B0%5D=publication_type%3A104) - [News](/en_GB/markdownify/node/3089?f%5B0%5D=publication_type%3A105) Facet Publication type detail Min Max ## News search engine