Publications - Tax
Labour Commentary 8-2014
The aim of Royal Decree 475/2014, of June 13, 2014, on reductions to the social security contributions of research personnel (published in the Official State Gazette on June 14, 2014) is to establish a 40% reduction to employer social security…
Spain: A holding company’s paradise: New corporate income tax legislation in the Basque Country
The Basque Autonomous Community in Spain, comprising the territories of Alava, Biscay and Gipuzkoa (the Basque Country) has powers to enact its own particular corporate income tax (CIT) legislation and has used those powers to create a very…
Tax Commentary 2-2014
On March 14, 2014, the Spanish cabinet was presented with the report by the committee of expertson the reform of the Spanish tax system. The report’s stated aim is to set out a number of taxreforms that will allow for fiscal consolidation and make…
New tax measures affecting holdings in subsidiaries
The Spanish Parliament has just enact new tax measures, which will have a significant impact on the way Spanish companies have traditionally structured their investments via holdings in domestic or foreign subsidiaries.
Tax Commentary 1-2013
Law 16/2013. Environmental taxation measures and other tax measures
Recent tax reforms in Spain: Time to review your structure?
Recent months have seen a flurry of activity by the Spanish government in the tax area. On the one hand, as we have been pointing out in earlier articles, various tax laws are being amended; on the other, Spain is renegotiating, one by one, the…
The spanish financial goodwill on the acquisition of foreign companies as state aid (again?)
On July 17, 2013, the EU Commission announced the commencement of a new state aid investigation procedure concerning the amortization of the financial goodwill regulated in article 12 (5) of the Spanish Corporate Income Tax Law (the “CIT Law”). This…
Spain: Does the sun attract unforeseen tax consequences? New obstacles to tax-neutral insurance portability within the EU
It is a well-known fact that thousands of European citizens -British, German, Danish, Swedish, among others- choose Spain as their retirement destination, attracted by our weather and the quality of our medical services, after a long working life…
SOCIMI: A true Spanish REIT!
Spain launched a very particular type of REIT in 2009, the SOCIMI (“Sociedades Cotizadas de Inversión en el Mercado Inmobiliario” or “Listed Corporations for Investment in the Real Estate Market”), with a tax regime that was very different from any…
Your children are residents. What about you? Take another look at your tax status
The school year in the Balearic Islands starts at the beginning of September each year and ends well into June of the following year. This means that pupils at Spanish schools must spend approximately 9 months of the year in the country, or around…
Circular 2/2013 of the MAB (the Spanish alternative investment market) on the regime applicable to SOCIMIs (listed corporations for investment in the real estate market)
As we reported in our Corporate-Tax Updates 1/2012 publication summarizing the key elements of Law 16/2012, of December 27, 2012 (Tax Measures Law) on the special regime for SOCIMIs aimed at boosting this sector, one of the most important new pieces…
Corporate/Tax Updates 1-2013
CIRCULAR 2/2013 OF THE MAB (THE SPANISH ALTERNATIVE INVESTMENT MARKET) ON THE REGIME APPLICABLE TO SOCIMIs (SPANISH REITs)