Spain

I. Summary It is a common misconception to assume that when an individual relocates to a new country, obtaining a tax residency certificate issued by the new country of tax residence automatically grants tax non-resident status in any other country, including in the previous country of tax residence. This is far from true. In this […]

Introduction NAX Law secured and important tax ruling from the Spanish General Directorate of Taxation (“GDT”), regarding the interaction between the Spanish tax on large fortunes (“TLF”) and the impatriates regime, also known as Beckham Law. In this article we uncover the details. The impatriates regime Spain introduced the impatriates regime in 2003, at the

Summary On 18 January 2024, the Spanish Constitutional Court (“CC”) issued its judgment 11/2024 and declared certain corporate income tax (“CIT”) restrictive measures introduced in 2016 to be unconstitutional and therefore void. These measures affected large companies and companies which in the past held shares in other companies and had declared impairment losses. However, in