Spain General State Budget Law for 2022: overview of the tax provisions
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Spain Tax Commentary
The law includes a 15% minimum corporate income tax rate and nonresident income tax rate (for taxpayers with a permanent establishment), a €1,500 cap placed on the reduction for individual pension plans and restrictions introduced for access to the increased €10.000 reduction for employer pension plans; and, as happens every year, a new set of events of exceptional public interest is determined.
The Spanish General Budget Law for 2022 (Law 22/2021, of December 28, 2021) was published in the Official State Gazette (BOE) on December 29, 2021.
It contains a wide range of provisions related to various taxes, which we summarize in this document.
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