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Spanish National High Court issues favorable decision on dividend withholding tax reclaims by non-Spanish hedge funds

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Spain

The Spanish National High Court (Audiencia Nacional), in a recently published judgment (the Decision), dated 30 July 2021, has confirmed the right of hedge funds comparable to Spanish hedge funds (fondos de inversion libre) to obtain the refund of dividend withholding taxes (DWHT) imposed under the Nonresidents’ Income Tax (NRIT) on their investments in Spain.

The taxpayers in these cases were Euro…

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