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V1918-18 ·29 June 2018 ·consulta-vinculante Medium impact
FISCAL

Foreign tax deduction available if tax is of identical or analogous nature to Corporate Tax

A company asks what documents are needed to justify withholdings in Cameroon and to claim the international double taxation deduction. The DGT states that the deduction applies if the foreign tax is of identical or analogous nature and is incorporated into the taxable base, but does not specify concrete documents for proof.

In 6 key points

How it affects those involved

Companies operating in foreign jurisdictions may be eligible for a deduction under the double taxation agreement if the foreign tax is of identical or analogous nature and forms part of the taxable base, though specific documentation requirements are not defined.

Lifecycle

2018-06-29PublishedPublished 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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