Spain’s Ministry of Finance is conducting a second public consultation on the implementation of the Pillar 2 global minimum tax under Council Directive (EU) 2022/2523 of 14 December 2022.
The consultation is set to conclude on 31 May, 2024.
The focus of this second consultation is on specific regulations, which include the scope of application, the determination of the taxable base, and the application of rules to particular sectors such as insurance companies.
Additionally, it covers information return and tax return requirements, as well as the management of the qualified domestic minimum top-up tax.
Once the consultation process is complete, the legislation will be finalised and approved by the Council of Ministers before being submitted to Parliament for approval.
Previously, the government released draft legislation to implement the OECD’s Pillar Two global minimum tax under the EU Minimum Tax Directive 2022/2523.
