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V0005-15 ·2 January 2015 ·consulta-vinculante Medium impact
Tax

Special merger regime applicable if the operation has valid economic grounds

A query was raised regarding whether a merger by absorption can qualify for the special regime for European companies and if the stated grounds are valid. The Directorate General for Taxes (DGT) ruled that the special regime is applicable provided the requirements of the Corporate Income Tax Law are met and the operation serves economic purposes rather than being solely for tax advantages.

In 6 key points

How it affects those involved

This ruling provides legal certainty for corporate restructurings, confirming that economic substance must prevail over tax avoidance to benefit from the special merger regime.

Lifecycle

2015-01-02PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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This analysis is informational only and does not constitute legal advice or create a client-adviser relationship. BM Consulting.
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