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Spain Finalizing Legislation for Implementation of Pillar 2 Global Minimum Tax

|Proposed Changes|Spain
Spain

The Spanish Ministry of Finance will soon finalize legislation for the implementation of the Pillar 2 global minimum tax in accordance with Council Directive (EU) 2022/2523 of 14 December 2022 (previous coverage), with the current consultation on the legislation ending on 19 January 2024. The legislation includes the introduction of the Pillar 2 income inclusion rule (IIR) and the undertaxed p…

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