The law, which came into effect the day after its publication, includes important changes to a number of taxes. They include making sweeping amendments to the international fiscal transparency rules, replacing “tax haven” with “non-cooperative jurisdiction” and setting a 15% special levy on undistributed income under the “SOCIMI” regime. It also makes considerable amendments to the General Taxation Law, and changes the rules on the valuation of properties for the purposes of various taxes.
Law 10/2021, of July 9, 2021, on remote working, replacing Royal Decree-Law 28/2020, of September 22, 2020, contains a few new provisions on equality and non discrimination in remote work for workers with disabilities and revises the penalty amounts under Royal Decree-Law 5/2000, of August 4, 2000, approving the revised Labor and Social Security Infringements and Penalties Law.