Spain publishes draft legislation on implementation of EU Minimum Tax Directive

25 January 2024|Tax Alerts, Information Reporting, Legislation & Policy, National/Federal Taxation, OECD, BEPS 2.0|Spain

The draft legislation is generally aligned with the EU Global Minimum Tax Directive and includes some elements from the OECD Administrative Guidance released in February and July 2023.
This draft legislation includes the Income Inclusion Rule and a Qualified Domestic Minimum Top-up Tax (QDMTT) applicable for fiscal years starting on or after 31 December 2023, as well as an Undertaxed Profits Rule (UTPR) generally applicable for fiscal years starting on or after 31 December 2024.
In addition, the d…

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