Spain
The final weeks of 2022 have been used by the legislature to pass many tax measures
that are relevant for both domestic and foreign investors
- Approval and effects of the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (“MLI”), which amends double tax treaties.
- New taxes for companies: energy sector, financial sector, and minimum global taxation.
- Wealth taxes: minimum top-up tax and indirect ownership.
- Special limits in the Spanish tax consolidation regime.
- New tax regime for carried interest.
- Extension of impatriate regime’s scope.
- Amendments to several value-added tax (“VAT”) rules.
- New special tax regime for the Balearic Islands.