News and Analysis

• Spanish update: Spanish public companies must report on intra-group transactions

  November 21, 2004

  At the heart of discussions within the EU about excessive transfer-pricing documentation requirements being imposed on European multinational enterprises (MNEs), in recent times there has been an increase within the member states of reporting obligations set forth for regulatory purposes, which also include information among related parties

• Lovells opens tax practice in Madrid

  October 31, 2004

  London law firm Lovells has hired two senior government officials to launch a tax practice in Spain.

• Spanish update: New tax framework comes into force

  August 30, 2004

  A new Ley General Tributaria (General Taxation Law) was published on December 17 2003 (Law 58/2003)

• Spanish update: Rulings may limit ETVE future success

  August 08, 2004

  The use of Entidad de Tenencia de Valores Extranjeros (ETVE)s by international investors has increased dramatically in the last few years. Both Spanish and non-Spanish newspapers and other publications have reflected this by emphasizing the fact that most large multinationals already have in place an ETVE structure (see the article in Cinco Días, a Spanish economic newspaper, on April 22 2003). More recently, Cinco Días also reported on May 24 2004, that a substantial part of foreign investment coming into Spain in the last few years was made through ETVEs.

• Spanish update: What inheritance tax can mean for investors

  July 04, 2004

  When a non-resident individual is planning to make long-term investments in Spain, they should not forget to analyze the tax implications that may eventually arise for the heirs