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New rules for the composition of tax groups
A new law has been introduced that has changed the rules which determine the formation of a consolidated tax group. Taxand Spain summarises the key features for multinationals.
Before this law a multinational could have more than one tax group in Spain, or it could have subsidiaries in Spain that were not included in a tax group made up of other Spanish companies in the group.
With the provisions of the new law, if the multinational wants any of its subsidiaries to be taxed on a consolidated basis, it should bear in mind that a single tax group will be set up. Once the consolidated tax regime is being applied, in the following years, any Spanish entities that are acquired will be added to the tax group.
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