On 15 October 2018, the Spanish government submitted its Budget Plan for 2019 to the European Commission. The Budget Plan, which was agreed to by Spain's minority Socialist (PSOE) government and the Podemos party last week, includes tax measures mainly focused on generating revenue. These include:
- A reduction of the participation exemption (dividends received deduction) for foreign dividends received by Spanish companies from the current 100% to 95%;
- The introduction of a minimum tax of 15% …