Tax reforms in Spain and in Portugal: How they will impact your company?
This event will present the main tax measures recently adopted in Spain and in Portugal, their impact on French companies with a subsidiary or investment projects in these two countries as well as the potential alternatives to be implemented.
Spanish tax reform:
Limitation on deductibility of interest expenses
New floor for payments on account of CIT, based on book (not tax) profit
Limitation of applicable deductions for the year
Deduction of goodwill arising on mergers
Portuguese tax reform:
Introduction of surtaxes in addition to the standard Corporate Income Tax rate
General increase in the domestic withholding tax rates on dividends, interest and royalties
Limitations on tax consolidation rules
Limitations on tax deductions
Increase in VAT rates
Update on relevant tax incentives and benefits
Impact on existing structures and potential remedies, planning alternatives