Relevant tax changes 2024/2025 - New developments introduced by the Senate
On 4 December we published our Information Alert "Relevant tax modifications 2024/2025" in which we analysed the text approved on 21 November by the Plenary of the Spanish Congress of Deputies in relation to the Draft Law establishing a Complementary Tax to guarantee an overall minimum level of taxation for multinational groups and large national groups.
As we mentioned, apart from the regulation of the aforementioned Complementary Tax, the text incorporated a set of parliamentary amendments that had nothing to do with it and which affected a wide range of taxes.
This package of amendments constituted, as the government indicated at the time, a package of tax reform measures, in its view, certainly relevant.
As corresponds to the parliamentary procedure, the document approved by Congress was sent to the Senate for processing and, once the modifications to the text approved by the aforementioned parliamentary chamber had been incorporated, it was returned to Congress for final approval. This took place on 20 December, and the Law was published in the Official State Gazette of 21 December under number 7/2024.
There is little to add to what we have already said in our Information Alert of the 4th. All the amendments approved by the Congress and commented on by us have been approved without any kind of modification. Only three novelties introduced by the Senate have merited the final approval of the Congress of Deputies.
Published in
You may also like
