Spain: Changes to corporate income tax deductibility of financial expenses
Amendments to limit on corporate income tax deductibility of financial expenses introduced
Amendments to limit on corporate income tax deductibility of financial expenses introduced
Law 13/2023—which implemented European Directive 2021/514 (DAC7)—also introduced amendments to the limit on the corporate income tax deductibility of financial expenses for tax periods beginning on or after 1 January 2024. Read TaxNewsFlash
The law was published in the Official State Gazette on 25 May 2023 and became effective on 26 May 2023.
Read a September 2023 report [PDF 550 KB] prepared by the KPMG member firm in Spain
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