Paying Corporate Tax (IRC) in Installments: What Your Company Needs to Know
Received the tax assessment and the corporate tax (IRC) amount weighs on your company's budget? Know that you have options - and requesting installments is simpler than it seems.
What is IRC?
IRC - Corporate Income Tax - is the tax levied on company profits, similar to how IRS applies to individual income. In 2026, the base rate is 19% on the mainland, with a more favorable regime for SMEs of 15% on the first €50,000 of taxable profit.
Can you pay in installments?
Yes. IRC can be divided into monthly installments, up to a total of 36 installments, each not less than a quarter of the Unit of Account.
When should you request?
The installment payment request must be submitted to the Tax Authority within 15 days after the end of the voluntary payment period, through the Tax Portal.
Do you need a guarantee?
A guarantee is not required if the debt is up to €10,000 or if the number of installments is up to 12 months. For higher amounts, a mortgage or surety bond may be required.
How to request?
The request must be submitted on the Tax Portal, under Companies → Services → Installment Plans → Simulate/Register Request.
Are there interest charges?
Yes. Each installment includes late payment interest calculated on the outstanding amount from the end of the voluntary payment period.
Can you prepay installments?
Yes - you can prepay installments as long as the plan is approved and at least one installment has been issued and settled.
If you need help managing your company's tax situation, contact our specialists. We're here to help.
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