Spain's Secretary of State for the Treasury announced on 20 January 2015 that new Corporate Income Tax Regulations are in the works, including the requirement that multinationals submit a country by country (CbC) report in line with Action 13 of the OECD Base Erosion and Profit Shifting (BEPS) project. The government plans to introduce legislation including the requirement in the first half of 2015, and the first report will likely be required with the tax return for the 2016 tax year.
The O…