Regulatory Alerts2021-07-10
Law 11/2021 of 9 July on measures to prevent and combat tax fraud, transposing Directive (EU) 2016/1164, modifying various tax rules and gambling regulation
The Spanish State issued Law 11/2021 to transpose the EU Anti-Tax Avoidance Directive, introduce international tax transparency rules, and establish an exit tax regime to prevent base erosion and profit shifting. The legislation strengthens anti-fraud controls by imposing new reporting obligations for virtual currencies, updating the criteria for non-cooperative jurisdictions, and tightening requirements for investment companies (SICAVs) to ensure genuine collective investment. Additionally, the law modifies personal income tax rules regarding succession contracts and real estate rental reductions to enhance fiscal justice and administrative efficiency.
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