• Service: Tax, Global Indirect Tax, International Tax
  • Type: Regulatory update
  • Date: 11/13/2013

Spain - Environmental, corporate and excise taxes in new law 

November 13:  A recently enacted law in Spain introduces certain environmental tax measures and includes other corporate income tax and excise tax provisions.

Law 16/2013 (29 October 2013) was published in the official gazette on 30 October 2013.

Corporate income tax

One corporate income tax provision concerns the non-deducibility when there is an impairment on investments in the capital or equity of entities, and non-deductibility of losses incurred while permanent establishments are maintained abroad. This measure is effective retroactively, as of 1 January 2013.

Other provisions extend a number of “temporary measures” that were introduced previously by various Royal Decree-Laws to tax periods beginning in 2014 and 2015.

Excise tax

The new law introduces a tax on “fluorinated greenhouse gases.” It also provides for changes to the excise tax imposed on certain manufacturing and transport activities.

KPMG observation

Taxpayers need to be aware of various effective dates in the new law. Most amendments to the corporate income tax have a retroactive effective date (for tax periods beginning on or after 1 January 2013). However, various measures relating to other taxes generally are effective the day after they are published or, for example, as of 1 January 2014.

Read a November 2013 report [PDF 78 KB] prepared by the KPMG member firm in Spain: New tax measures introduced by Law 16/2013 of 29 October 2013 establishing certain environmental tax measures and adopting other tax and financial measures

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