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Spain: Tax Fraud Prevention Act

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In brief

Tax Fraud Prevention Act 11/2021, was published on 10 July 2021. This act transposes Council Directive (EU) 2016/1164, dated 12 July 2016 (Laying Down Rules against Tax Avoidance Practices that Directly Affect the Functioning of the Internal Market), which amended various tax laws and gambling regulations.

This new Act amends a vast number of regulations and affects almost every aspect of the Spanish tax system (both for companies and individuals, international taxation, indirect taxation, general tax rules…). On a general basis, it came into force in 11 July, although certain specific cases are addressed below.

Please click here to review the regulatory amendments so you can analyze, with the assistance of our tax experts, the possibility of adopting measures to reduce or, if necessary, avoid any increased tax burden that may arise from the new regulations.

Click here for Spanish version

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Author

Rodrigo Ogea is the managing partner of the Madrid office since October 2017. He joined the Firm in 2003 and became a partner in 2005. He heads the Tax Practice Group in Madrid since 2008. He also serves in the Steering Committee of the European Tax Planning and Transactions Group. Recognised as one of the most prestigious tax lawyers by Chambers, he is a trustee of the Foundation for Taxes and Competitiveness, member of the tax committees of CEOE (Spanish Trade Board), Círculo de Empresarios, the International Chamber of Commerce (ICC), the US Chamber of Commerce in Spain and the American Business Council. He has also been the Spanish representative to the European Commission Expert Group for the Removal of Tax Obstacles for cross-border European Private Equity Investments.

Author

Bruno Dominguez is the managing partner of Baker McKenzie's Barcelona office, head of the Tax practice in Barcelona and Chair of our Wealth Management Practice in EMEA region. Bruno has been coordinator of the Master of Laws in Taxation at the University of Barcelona, and associate professor at ESADE Business School. He has written several articles and regularly speaks at conferences and seminars on business restructuring, transfer pricing, wealth management and taxation of family businesses.

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