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Tax amendments to reduce public deficit approved

|Approved Changes|Spain
Spain

On 19 August 2011, the government approved Royal Decree-Law 9/2011 of 19 August 2011, introducing new measures to reduce the public deficit. The Decree-Law was published in the Official Gazette of 20 August 2011 and generally comes into effect on the day after its publication. The tax amendments adopted are summarized below.

Corporate income tax

-   The rate for the calculation of the advance payments of large c…


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