Spain | Legal Flash A new double taxation convention between Spain and China takes effect

On March 30,2021, the Official Gazette of the Spanish State published the text of the new convention, which brings in a number of substantial changes compared to the previous agreement

Spain | Legal Flash A new double taxation convention between Spain and China takes effect
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May 31, 2021

> The new double taxation convention between Spain and China is intended to align the bilateral taxation framework with the current economic context and the guidelines on international taxation being set by the OECD.

> The two countries signed the new convention over two years ago after more than three years of negotiations, and it was published in the Official Gazette of the Spanish State on March 30,2021.

> The new convention entered into force on May 2, 2021, except for taxes not withheld at source, the effects of which will arise for fiscal years beginning from May 2, 2021.

> The impact of the changes requires extensive analysis.

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May 31, 2021