This event will present the main tax measures recently adopted in Spain and in Portugal, their impact on French companies with a subsidiary or investment projects in these two countries as well as the potential alternatives to be implemented.

Spanish tax reform:

• Limitation on deductibility of interest expenses
• New floor for payments on account of CIT, based on book (not tax) profit
• Limitation of applicable deductions for the year
• Deduction of goodwill arising on mergers

Portuguese tax reform:

• Introduction of surtaxes in addition to the standard Corporate Income Tax rate
• General increase in the domestic withholding tax rates on dividends, interest and royalties
• Limitations on tax consolidation rules
• Limitations on tax deductions
• Increase in VAT rates
• Update on relevant tax incentives and benefits

Impact on existing structures and potential remedies, planning alternatives

(Language of the presentation is English)

Speakers

• Agnès de l’Estoile-Campi, Partner, CMS Bureau Francis Lefebvre
• Víctor Hernán, Partner, CMS Albiñana
• Suárez de Lezo Patrick Dewerbe, Partner, CMS Rui Pena & Arnaut