The legislation also includes amendments relating to corporate income tax, individual (personal) income tax, VAT, tax on financial entities, and excise duties.
The lower house of Parliament (Congress of Deputies) on November 21, 2024, passed legislation implementing the OECD’s Pillar Two global minimum tax as provided under the EU Minimum Tax Directive 2022/2523.
The legislation would also make amendments relating to:
The legislation will now be considered by the upper house of Parliament (Senate).
Read a November 2024 report prepared by the KPMG member firm in Spain