Regulatory Alerts2016-12-03
Royal Decree-Law 3/2016, of December 2, adopting tax measures for public finance consolidation and other urgent social measures
The Spanish Government issued Royal Decree-Law 3/2016 to adopt urgent tax and social measures aimed at consolidating public finances and ensuring compliance with European Union deficit targets. The decree implements significant corporate tax reforms, including restrictions on loss deductions for share transfers, a mandatory reversal of past impairment losses, and tighter limits on negative base compensation for large enterprises. Additionally, it updates Social Security contribution caps by 3 percent, mandates an 8 percent increase in the minimum interprofessional salary for 2017, and adjusts indirect taxes on specific products to align with EU standards.
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