Spain: CbC Reporting notification requirements for MNE Groups

​​​​​​​published on 20 December 2016
 

​Spain incorporated a legal framework with regards to the Country-by-Country Reporting (CbC Reporting). Multinational enterprises with a turnover of at least EUR 750 million in the 12 months before the beginning of the fiscal year 2016 must file a CbC Reporting. Beyond the filing obligation, MNE Group entities that have the obligation to file the CbC Reporting must notify to the Spanish Tax Authorities the identity and the country or territory of residence of the entity bearing the obligation to prepare this information. The submissions due date is end of the fiscal year 2016.
 
A tax form was published on 15th December for making this ”Previous notification for the filing of Tax Form 231”.
   
The notification may be carried out by any means or through the website belonging to the Tax Authorities (Agencia Estatal de la Administración Tributaria or AEAT).
 
It has to bear in mind that the notification must be made annually before the end of each fiscal year and in addition to the obligations related to the CbC Reporting.