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Spain’s Anti-Fraud Law
Spain’s Anti-Fraud Law, officially known as Law 11/2021 on measures to prevent and combat tax fraud aims to: Prevent and combat tax fraud Reduce the shadow economy Improve tax control Ensure fiscal transparency Changes to Cash Payments The law introduces new limits on cash payments: For transactions with businesses or professionals, the limit is reduced…
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Immediate Supply of Information (SII)
The Immediate Supply of Information (Suministro Inmediato de Información – SII) is an electronic system developed by the Spanish Tax Agency (AEAT) for the digital management of Value Added Tax (VAT). This system allows businesses to fulfill their VAT-related tax obligations more efficiently and in real time. Key Features of the SII Electronic Management System:…
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Country-by-Country Reporting (CbCR) Regulation in the Canary Islands
The Canary Islands, an autonomous community of Spain with a unique fiscal regime, are subject to Spain’s national laws on tax matters while benefiting from specific incentives as part of their Economic and Fiscal Regime (REF). However, when it comes to international tax compliance, including Country-by-Country Reporting (CbCR), multinational enterprises (MNEs) operating in or through…
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Country-by-Country Reporting (CbCR) Regulation in Navarra
Navarra, an autonomous region in Spain with its own fiscal autonomy, implements international tax regulations in line with the Organisation for Economic Co-operation and Development’s (OECD) Base Erosion and Profit Shifting (BEPS) Action Plan, specifically Action 13, which focuses on Country-by-Country Reporting (CbCR). The CbCR regime requires large multinational enterprise (MNE) groups to disclose detailed…
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Country-by-Country Reporting (CbCR) Regulation in Araba
Araba, one of the three provinces in the Basque Country in Spain, has its own fiscal system, which operates under the local autonomy granted by Spanish law, while also adhering to international tax transparency standards such as the OECD’s Base Erosion and Profit Shifting (BEPS) Action 13. This regulation includes the Country-by-Country Reporting (CbCR) regime,…
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Country-by-Country Reporting (CbCR) Regulation in Gipuzkoa
Gipuzkoa, part of the Basque Country in Spain, operates its own independent tax system while adhering to international tax transparency standards, including those outlined by the OECD in BEPS (Base Erosion and Profit Shifting) Action 13. Country-by-Country Reporting (CbCR) is one of the key tools used to ensure that multinational enterprises (MNEs) report their income,…
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Country-by-Country Reporting (CbCR) Regulation in Bizkaia
Bizkaia, one of Spain’s historical territories within the Basque Country, has its own tax system distinct from the rest of Spain, although aligned with national and international regulations. The territory is committed to the OECD’s Base Erosion and Profit Shifting (BEPS) Action 13, aimed at promoting transparency through Country-by-Country Reporting (CbCR) for multinational enterprise (MNE)…
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The Organisation for Economic Co-operation and Development (OECD)
The Organisation for Economic Co-operation and Development (OECD) is an intergovernmental organization founded in 1961, aimed at promoting policies that enhance economic and social well-being globally. Here are key aspects of the OECD: Overview Members: Comprises 38 member countries, primarily high-income economies, which are committed to democracy and market economy principles. Headquarters: Located in the Château de…
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Country-by-Country Reporting (CbCR) Regulation in Uruguay
Uruguay, as part of its commitment to global tax transparency and in line with the OECD’s Base Erosion and Profit Shifting (BEPS) Action 13, has introduced Country-by-Country Reporting (CbCR) requirements for multinational enterprise (MNE) groups. The CbCR regime in Uruguay aims to enhance transparency by ensuring that tax authorities have access to detailed information about…
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Country-by-Country Reporting (CbCR) Regulation in Ukraine
Ukraine has implemented Country-by-Country Reporting (CbCR) regulations in line with the OECD’s Base Erosion and Profit Shifting (BEPS) Action 13, aimed at promoting tax transparency and combating tax avoidance by multinational enterprises (MNEs). Ukrainian regulations require large MNE groups to report financial and tax-related data to ensure fair tax practices across jurisdictions. This guide provides…
CbC Reporting
Country-by-Country Reporting requirements, solutions, FAQs and general info.
