At the beginning of the year Spanish authorities rid new businesses of the mandatory 1% capital tax applied to all European businesses opening in Spain Although clearly violating European Law (Directive of the council 69/335/CEE), Spanish authorities have traditionally taxed the opening of branches or permanent establishments (PEs) of European companies in Spain.
June 04, 2009 at 12:02 PM
1 minute read
The original version of this story was published on Legalweek
At the beginning of the year Spanish authorities rid new businesses of the mandatory 1% capital tax applied to all European businesses opening in Spain
Although clearly violating European Law (Directive of the council 69/335/CEE), Spanish authorities have traditionally taxed the opening of branches or permanent establishments (PEs) of European companies in Spain.
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