The CREE Tax disappears from 2017 onwards. The general corporate rate would be 32% from tax year 2019, and a surcharge on income tax would be created for years 2017 and 2018. The combined rate for 2017 between income tax and the surcharge would be 39%.
The Government proposes the unification of CREE and income taxes, obtaining a single tax at a general rate of 32% from tax year 2019. For tax years 2017 and 2018 the general corporate rate would be 34% and 33% respectively.
Additionally, the Government proposes the creation of a surcharge to the income tax only for the tax years 2017 and 2018 of 5% and 3% respectively.
It is proposed that the advance payment of the CREE surcharge for tax year 2017, made in 2016, can be offseted with the surcharge on income tax determined for tax year 2017.