Royal Decree of the Spanish Gazettes amending the Corporate Earnings Tax Legislation in accordance with EU directives on hybrid mismatches

The Kazakh tax authority announces changes in excise duties

Daily tax report: International

March 15, 2021, 5:00 a.m.


The Spanish Official Gazette of March 10th published the Royal Decree No. 4/2021 amending the Corporate Income Tax Act in order to partially implement the EU Avoidance Directive ATAD1 in the version of ATAD 2 in relation to hybrid mismatches with non-EU countries. The decree includes measures: 1) Implement hybrid mismatch rules in line with Action 2 of the OECD Project on Erosion and Profit Shifting (BEPS), ATAD1 and ATAD2; 2) Clarification of hybrid mismatch agreements in which non-EU countries and permanent establishments are involved; and 3) implementation of rules to limit the deduction for other expenses. The decree comes into force on March 11th and usually comes into effect for tax periods that …

© 2021 The National Affairs Bureau, Inc.

All rights reserved