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Spain approves Pillar Two legislation

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Spain

  • The Spanish Congress has passed legislation implementing Pillar Two into domestic law.
  • The legislation is generally aligned with the EU Pillar Two Directive and includes some elements from the OECD Administrative Guidance released in April 2024.
  • This legislation implements an Income Inclusion Rule and a Qualified Domestic Minimum Top-Tax (QDMTT) applicable for fiscal years starting on or after 31 De…

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