Home Banner:
Spain: New minimum tax rules
3/25/2019
Spain has announced anti-avoidance legislation that will introduce a minimum tax regime. Under this regime, most companies will be subject to minimum effective tax rates of between 10% - 18% depending on the size of the company and its activities.
This rate of tax will be applied to a new “adjusted base” that will take into account earnings that are subject to tax in other jurisdictions.