## [Pillar 2 in Spain: Global Minimum Tax for large groups approved](/en_GB/new/pillar-2-spain-global-minimum-tax-large-groups-approved)
# Pillar 2 in Spain: Global Minimum Tax for large groups approved
Spain - 12 / 20 / 2024
-
- [](https://www.linkedin.com/sharing/share-offsite/?url=https://www.garrigues.com/en_GB/new/pillar-2-spain-global-minimum-tax-large-groups-approved)
- []()
- []()
[View document
](/sites/default/files/noticias/files/pillar-2-spain-global-minimum-tax-for-large-groups-approved.pdf)
Previous Next
**We review its main characteristics and remind you of the aspects to which you should pay special attention.**
On 21 December 2024, [Law 7/2024 of 20 December](https://www.boe.es/boe/dias/2024/12/21/pdfs/BOE-A-2024-26694.pdf) was published in the Official State Gazette (BOE), which, among others, transposes [Council Directive (EU) 2022/2523](https://eur-lex.europa.eu/eli/dir/2022/2523/oj/eng) in Spain, which aims to ensure an overall minimum level of taxation for multinational groups and large-scale domestic groups (Pillar 2). Specifically, the law incorporates a complementary tax (so called “Top-up-Tax, "**TUT**"), applicable to large groups with an annual **consolidated** revenue of **EUR 750 million** or more in at least two of the four fiscal years prior to the reference year, so that a **minimum taxation threshold of 15%** is reached in all cases. This tax will apply to large groups **with a presence in Spain**.
In general, the new tax will be **effective** for tax periods beginning on **or after 1 January 2024**, although certain deferred application rules are provided for and will be summarised below.
In [**this document**](https://www.garrigues.com/sites/default/files/noticias/files/pillar-2-spain-global-minimum-tax-for-large-groups-approved.pdf) we analyse the main keys to the new regulation.
In addition, [**in this other publication**](https://www.garrigues.com/en_GB/new/spain-limitation-offsetting-tax-losses-and-use-double-taxation-credits-large-companies-again) we analyse other tax measures included in Law 7/2024, and [**here**](https://www.garrigues.com/en_GB/new/cases-which-reserve-investments-canary-islands-can-be-used-are-extended) the novelties related to the Economic and Fiscal Regime of the Canary Islands.
[Tax](/en_GB/tags/tax), [Spain](/en_GB/tags/spain)
### Contact
[Eduardo Abad](/en_GB/team/eduardo-abad-valdenebro)
[Contact]()
- +34 91 514 52 00
[Madrid](https://www.garrigues.com/en_GB/office/madrid)
[Find more professionals](../team)
### Related services
- [Tax ](/en_GB/services/tax)
-
## Find a publication
- [Administrative and Constitutional Law](/en_GB/markdownify/node/14359?f%5B0%5D=service%3A1422)
- [Agribusiness and Food](/en_GB/markdownify/node/14359?f%5B0%5D=service%3A1417)
- [Automotive](/en_GB/markdownify/node/14359?f%5B0%5D=service%3A1419)
- [Banking and Finance](/en_GB/markdownify/node/14359?f%5B0%5D=service%3A1443)
- [Corporate and M&A](/en_GB/markdownify/node/14359?f%5B0%5D=service%3A1441)
- [Corporate Governance and Sustainable Development](/en_GB/markdownify/node/14359?f%5B0%5D=service%3A12823)
- [Criminal Law and Internal Investigations](/en_GB/markdownify/node/14359?f%5B0%5D=service%3A1434)
- [Data Economy, Privacy and Cybersecurity](/en_GB/markdownify/node/14359?f%5B0%5D=service%3A10913)
- [Dispute Resolution: Litigation and Arbitration](/en_GB/markdownify/node/14359?f%5B0%5D=service%3A1412)
- [Energy](/en_GB/markdownify/node/14359?f%5B0%5D=service%3A10916)
- [EU and Antitrust Law](/en_GB/markdownify/node/14359?f%5B0%5D=service%3A1416)
- [Family Business](/en_GB/markdownify/node/14359?f%5B0%5D=service%3A1413)
- [Fashion Law](/en_GB/markdownify/node/14359?f%5B0%5D=service%3A1435)
- [Financial Regulation](/en_GB/markdownify/node/14359?f%5B0%5D=service%3A10915)
- [G-advisory](/en_GB/markdownify/node/14359?f%5B0%5D=service%3A12821)
- [Human Capital Services](/en_GB/markdownify/node/14359?f%5B0%5D=service%3A1431)
- [Infrastructure](/en_GB/markdownify/node/14359?f%5B0%5D=service%3A10914)
- [Insurance](/en_GB/markdownify/node/14359?f%5B0%5D=service%3A1438)
- [Intellectual Property](/en_GB/markdownify/node/14359?f%5B0%5D=service%3A1421)
- [Labor and Employment](/en_GB/markdownify/node/14359?f%5B0%5D=service%3A1424)
- [Life Sciences and Healthcare](/en_GB/markdownify/node/14359?f%5B0%5D=service%3A1429)
- [Media and Entertainment](/en_GB/markdownify/node/14359?f%5B0%5D=service%3A1433)
- [Planning, Zoning and Environment](/en_GB/markdownify/node/14359?f%5B0%5D=service%3A1444)
- [Private Equity](/en_GB/markdownify/node/14359?f%5B0%5D=service%3A1439)
- [Real Estate](/en_GB/markdownify/node/14359?f%5B0%5D=service%3A10927)
- [Restructuring and Insolvency](/en_GB/markdownify/node/14359?f%5B0%5D=service%3A1420)
- [Securities Markets](/en_GB/markdownify/node/14359?f%5B0%5D=service%3A1442)
- [Sports](/en_GB/markdownify/node/14359?f%5B0%5D=service%3A1430)
- [Startups & Open innovation](/en_GB/markdownify/node/14359?f%5B0%5D=service%3A1426)
- [Sustainability](/en_GB/markdownify/node/14359?f%5B0%5D=service%3A10921)
- [Tax](/en_GB/markdownify/node/14359?f%5B0%5D=service%3A1425)
- [Technology, Communications and Digital](/en_GB/markdownify/node/14359?f%5B0%5D=service%3A1436)
- [Tourism and Hotels](/en_GB/markdownify/node/14359?f%5B0%5D=service%3A1432)
- [Transport, Logistics and Shipping](/en_GB/markdownify/node/14359?f%5B0%5D=service%3A1428)
Facet Services detail
- [Publications](/en_GB/markdownify/node/14359?f%5B0%5D=publication_type%3A794)
- [Newsletters](/en_GB/markdownify/node/14359?f%5B0%5D=publication_type%3A107)
- [Garrigues collection](/en_GB/markdownify/node/14359?f%5B0%5D=publication_type%3A101)
- [Laws: amendments at a glance](/en_GB/markdownify/node/14359?f%5B0%5D=publication_type%3A104)
- [News](/en_GB/markdownify/node/14359?f%5B0%5D=publication_type%3A105)
Facet Publication type detail
Min
Max
## News search engine