On 2 December 2016, it was announced that the Spanish Cabinet has approved the submission of the 2017 Budget to parliament. According to the announcement and a summary of measures, the main tax-related aspects of the Budget include:
- Maintaining the 25% corporate tax rate;
- Changes in loss treatment, including:
- Disallowing the deduction of losses on the transfer of shares in entities eligible for exemption from tax on dividends and capital gains income;
- Disallowing the deduction of losses gene…