Spain to stop VAT fraud with payment service providers reporting obligations 

28 December, 2023

On 27 December 2023, Spain published the Royal Decree 1171/2023 of 27 December 2023 in the Official Gazette. The Royal Decree proposes to implement new reporting obligations for payment service providers starting 1 January 2024 in accordance with

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Spain releases new return and application forms for expatriate regime

20 December, 2023

On 15 December 2023, the Spanish Tax Agency published the Order HFP/1338/2023 in the Official Gazette. The Order authorizes the use of Form (Modelo) 151. Form (Modelo) 151 is the tax return form for taxpayers in accordance with the special inbound

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Spain releases 2024 FTT list for companies

15 December, 2023

On 13 December 2023, the Spanish Tax Agency released the list of companies whose market capitalization value surpassed EUR 1 billion as of 1 December 2023. The list pertains to financial transaction tax (FTT). The financial transactions tax (FTT)

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Spain: Valencia & Catalonia propose retroactive personal income tax reductions (IRPF) for FY 2023

15 December, 2023

The Generalitat of Catalonia is working on reducing the regional section of the Personal Income Tax (IRPF). The “Govern” proposes in the budget accompanying law, cutting one percentage point – from 10.5% to 9.5% – the first tranche of the

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Spain: National Court issues rule on TP adjustment using median of arm’s length range

08 August, 2023

On 29 July 2023, the Spanish National Court issued a decision that provided clarification on the range of arm's length pricing adjustments applicable. In this case, Ferroli Spain, a Spanish manufacturer specializing in non-electric stoves,

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Spain transposes a bill into domestic law implementing DAC7

10 June, 2023

On 25 May 2023, an announcement was published in the Spanish Official State Gazette noting that a bill related to implement the EU directive on DAC7 has been enacted to transpose into domestic law. The bill aims to improve the existing tax

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Spain releases a law introducing new interest deduction limitation rules

31 May, 2023

On 25 May 2023, Spain published Law 13/2023 in the Official Gazette, which introduces new interest deduction limitation rules in line with the EU Anti-Tax Avoidance Directive (ATAD). Spain's current rules limiting interest deduction were deemed

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Spain approves corporate income tax return form for tax year 2022

30 May, 2023

On 22 May 2023, Spain published an “Order HFP/523/2023 of 22 May 2023” in the Official Gazette, approving the forms and instructions for the corporate tax and Non-Resident Income Tax returns for periods starting between 1 January and 31 December

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Spain: MoF releases public consultation implementing global minimum tax

16 March, 2023

On 6 March 2023, the Spanish Ministry of Finance published a public consultation document on the transposition of the EU Directive implementing Pillar Two global minimum tax rules (Council Directive 2022/2523 of 14 December 2022, “Minimum Tax

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Spain releases forms for windfall tax on energy and banking sectors

15 February, 2023

On 2 February 2023, Spain published an Order HFP/94/2023 of 2 February 2023 approving four new forms for the windfall profits taxes on the energy and banking sectors. The tax was introduced by the “Law 38/2022” on 27 December 2022. According to

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Spain presents DAC7 bill to parliament

06 February, 2023

On 27 January 2023, Spain submitted a bill to Parliament for implementing Council Directive (EU) 2021/514 (DAC7), which requires digital platform operators to report the revenue generated by sellers on their digital platforms and for EU Member

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Spain publishes a law containing tax measures for 2023

10 January, 2023

On 24 December 2022, Spain released “Law31/2022” in the official gazette, including some tax measures for the 2023 national budget. The tax rate for micro-enterprises whose net turnover in the immediately preceding tax period is less than EUR

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Spain adopts windfall taxes on banks and energy companies

31 December, 2022

On 27 December 2022, the Spanish government has issued the “Law 38/2022” which introduces the windfall profit taxes on the energy and banking sectors. Under this, large energy companies will be charged at the rate of 1.2% of net turnover derived

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Spain releases legislation to implement EU public CbC reporting directive

28 December, 2022

On 22 December 2022, the Spanish government published the legislation implementing the European Union (EU) Directive (2021/2201) on Public Country-by-Country (CbC) Reporting (CbCR). According to the EU Public CbCR Directive, both EU-based

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Spain: Congress of Deputies adopts law to support innovative startups

11 December, 2022

On 1 December 2022, the Spanish Congress of Deputies has approved the Law for the Promotion of the Emerging Companies Ecosystem, better known as the Startups Law. The law facilitates some tax measures for the startups business. Under this, the

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Spain: Council of Ministers adopts Royal-Decree implementing the reverse hybrid rules

09 December, 2022

On 18 October 2022, the Spanish Council of Ministers approved the Royal Decree-Law (RDL) implementing the reverse hybrid rules under the Anti-Tax Avoidance Directive 2017/952 (ATAD-2). The law generally aims to combat tax avoidance as a result of a

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Spain publishes order revising tax prepayments forms

13 August, 2022

On 30 June 2022, Spain released an Order HFP/604/2022 of 30 June 2022 which approves the forms for tax installment payments. The form 202 used for prepayments of corporate tax and income tax for non-residents (permanent establishments and

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Spain confirms the completion of its internal procedures for the entry into force of the MLI

30 June, 2022

On 28 June 2022 OECD published the update status of signatory countries regarding BEPS MLI. Accordingly, on 1 June 2022, Spain submitted its notification confirming the completion of its internal procedures for the entry into force of the

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