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Spain to Introduce Minimum Corporate Tax Rate as Part of Budget for 2022 — Orbitax Tax News & Alerts

The Spanish Council of Ministers has issued a release announcing its approval of the draft Law on the General State Budget for 2022 on 7 October 2021. One of the key tax measures of the draft Law is the introduction of a minimum corporate tax rate of 15%, which is in line with the minimum rate of pillar two of the OECD's two-pillar solution for global tax reform that was recently agreed to in the Inclusive Framework. Further details on Spain's proposed minimum tax and other budget tax measures will be published once available.