Spain’s approval of the global minimum supplementary tax for large corporate groups
On 21 December 2024, Law 7/2024 of 20 December was published in the Official State Gazette (BOE). Among the measures approved by this legislation is the creation of the so-called Supplementary Tax, which aims to help ensure a global minimum tax rate of 15% for corporate groups with a consolidated turnover exceeding €750 million.
The law transposes Council Directive (EU) 2022/2523 into national law, which in turn follows the recommendations of what is known as ‘Pillar 2’ of the OECD’s BEPS programme, an initiative that seeks to combat the erosion of the tax base and the shifting of corporate profits to low-tax jurisdictions.
By clicking on the link below, you can access a document in which we provide information on the most relevant aspects of this new tax measure.
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