Spanish High Court Holds Exemption for Dividend Income Under Tax Treaty with Brazil May Apply Even if Dividends Are Not Taxed in Brazil

The Spanish High Court of Justice of Catalonia recently issued a decision regarding the eligibility of a Spanish tax resident for a tax exemption on dividend income under the Brazil-Spain tax treaty. The case involved a Spanish resident individual that received dividend income from a company in Brazil and was taxed on that income in Spain. The individual then sought a refund based on paragraph …
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