Spain: Council of Ministers approves second chance mechanisms
The Council of Ministers has approved on 28 February, 2015 the “Royal Decree Law on second chance mechanisms and the reduction in the financial burden, and other measures of a social order”. The Royal Decree includes several measures on
See MoreSpain: Cabinet Approves The Tax Treaty With Oman
The Cabinet has approved, on 27 February 2015, the signing "ad referendum" of the Convention between the Kingdom of Spain and the Sultanate of Oman to avoid double taxation and prevention of fiscal evasion with respect to taxes on income and
See MoreSpain: Treaty Details With Andorra
A double tax treaty was signed between Spain and Andorra on 8 January 2015. The treaty generally follows the provisions of the OECD Model Tax Convention. Under the treaty the withholding tax rate on dividends is 15% in general and 5% if the
See MoreSpain: Amendment of Social Security Contribution Rules
Spain amended the social security contribution rules through the Ministerial Order ESS/86/2015 of 30 January 2015. The Order implements the social security contribution rules established in the Budget Law for 2015, including unemployment, protection
See MoreSpain: Modifies the transfer pricing legislation
In the “Corporate Income Tax Reform 2015” enacted under the Law 27/2014 the following transfer pricing rules are amended; Scope of related-party transactions - The ownership requirement for related parties is increased from 5% (1% in the
See MoreSpain: Government Announces New Country-by-Country Reporting Obligations for MNEs
The Spanish government on 20 January 2015 announced that it will issue regulations, expected to be adopted in the first half of 2015, that will require country-by-country reporting by multinationals. The new regulations would enter into force on 1
See MoreSpain and Andorra Sign Double Tax Agreement
Spain and Andorra have signed an agreement on January 8, 2015, by which both countries pledge to end double taxation with respect to taxes on income. The agreement refers to the treatment of dividends, interests, fees and capital gains in the same
See MoreSpain: Cabinet Ratifies The Double Tax Treaty With Uzbekistan
The Cabinet has approved an Agreement, on December 26, 204, establishing referral to Parliament the Convention between the Kingdom of Spain and the Republic of Uzbekistan has to avoid double taxation and prevention of fiscal evasion with respect to
See MoreCyprus: Double Tax Agreements With Spain And Norway Come Into Effect
Cyprus's double tax treaties with Spain and Norway come into effect as of January 1, 2015. All of the new treaties concluded by Cyprus are generally based on the Organisation for Economic Co-operation and Development (OECD) Model Tax Convention
See MoreSpain: Modified legislation on transfer pricing published
On 28 November 2014, Laws 26/2014 and 27/2014, which modify the most important Spanish tax laws were published in the Spanish Official Gazette. This new legislation will generally come into force on 1 January 2015. This new legislation modified in
See MoreSpain Approves Comprehensive Tax Reform Plans
Spanish parliament has approved the comprehensive tax reforms plans on 24 November 2014, which will be published shortly in the Official Gazette. The legislation will enter into force from January 1, 2015 and followings changes have been taken
See MoreSpain: Real Time VAT Reporting From 2017
The Spanish government has announced that it will introduce a new real-time VAT reporting system from January 1 2017, requiring larger tax payers to file transaction details within four days of invoices issued/received. The aim of the measure is to
See MoreCanada-Spain Signs protocol to Income and Capital Tax Treaty
The amending protocol to Income and Capital Tax Treaty (1976) between Canada and Spain has signed on 18th November 2014 in Madrid. The protocol was authorized by the Spanish Cabinet on 17 October 2014. The Protocol would enter into force after a
See MoreSpain: EU Court Backs Spanish Tax Breaks For Foreign Acquisitions
Spain has won against European Union for tax breaks intended to help its companies buy stakes in foreign firms, where EU regulators' campaign against tax deals they view as illegal subsidies. The EU court has ruled in Spain's favor regarding
See MoreSpain Launches New Deferral Import Regime for 2015
Spain is set to launch an important import VAT postponement regime which will offer importers major cash-flow incentives. The new scheme should come into force from 2015. According to this regime, which is totally new in Spain, certain VAT taxpayers
See MoreSpain: Congress Approves Disputed ‘Google Tax’
Spain's parliament has approved new intellectual property laws that allow news publishers to charge aggregators each time they display news content in search results. This is a reform to the Intellectual Property Law and will come in effect on 1
See MoreSpain: Tax Authority Launches Modernization Strategy In the management of VAT
The Inland Revenue of Spain has launched a modernization strategy in the management of Value Added Tax which will expedite returns, provide the taxpayer with the tax data for your return and tax audit practice more agile and effective. The new
See MoreSpanish Cabinet authorizes the signing of the protocol between Spain and Canada
The Spanish Cabinet authorized the signing of the Protocol between the Kingdom of Spain and Canada, amending the agreement between the two countries to avoid double taxation and prevent fiscal evasion with respect to taxes on income and on capital,
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