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Spain publishes draft legislation on implementation of EU Minimum Tax Directive

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Spain

  • The draft legislation is generally aligned with the EU Global Minimum Tax Directive and includes some elements from the OECD Administrative Guidance released in February and July 2023.
  • This draft legislation includes the Income Inclusion Rule and a Qualified Domestic Minimum Top-up Tax (QDMTT) applicable for fiscal years starting on or after 31 December 2023, as well as an Undertaxed Profits Rule (…

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