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V1987-23 7 July 2023 · SG de Impuestos sobre las Personas Jurídicas Criterion in force
IS · canje de valores

Possibility of applying the tax neutrality regime in securities exchanges and spin-offs subject to compliance with legal requirements

The inquiry asks whether a securities exchange operation and a total spin-off may qualify for the special tax neutrality regime. The DGT responds that it is possible provided that the requirements of the Corporate Income Tax Act are met and the primary objective is not tax advantage.

The question raised

Question posed: Whether the described operations could qualify for the tax regime provided for in Chapter VII of Title VII of Law 27/2014, of November 27, on Corporate Income Tax and whether valid economic reasons exist.

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