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V3228-21 ·29 December 2021 ·consulta-vinculante Medium impact
Tax

Shipping hire benefits taxed only in effective management country

The DGT confirms that shipping hire payments by a Spanish company to a Panamanian company for international gas transport are subject to taxation only in Panama under the Spain-Panama treaty.

In 6 key points

How it affects those involved

Benefits from shipping hire for international transport are only taxable in the country where the effective management is established, avoiding double taxation.

Lifecycle

2021-12-29PublishedPublished 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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