In Spain. The law of Spain shall apply exclusively and the courts of Barcelona, Spain have exclusive jurisdiction.
In Spain. In accordance with the provisions and subject to the limitations of the laws of Spain:
a) Where a resident of Spain derives income or owns elements of capital which, in accordance with the provisions of this Convention, may be taxed in Lithuania, Spain shall allow:
(i) as a deduction from the tax on the income of that resident, an amount equal to the income tax paid in Lithuania;
(ii) as a deduction from the tax on the capital of that resident, an amount equal to the tax paid in Lithuania on the same elements of capital;
(iii) the deduction of the underlying corporation tax shall be given in accordance with the internal legislation of Spain. Such deduction shall not, however, exceed that part of the income tax or capital tax, as computed before the deduction is given, which is attributable, as the case may be, to the income or the same elements of capital which may be taxed in Lithuania.
b) Where in accordance with any provision of the Convention income derived or capital owned by a resident of Spain is exempt from tax in Spain, Spain may nevertheless, in calculating the amount of tax on the remaining income or capital of such resident, take into account the exempted income or capital.
In Spain. (a) Where a resident of Spain derives income or owns capital which, in accordance with the provisions of this Convention, may be taxed in Luxembourg, Spain shall allow as a deduction from the tax on the income or capital of that resident, an amount equal to the income or capital tax paid in Luxembourg. Such deduction shall not, however, exceed that part of the tax, as computed before the deduction is given, which is attributable to the income or the capital which may be taxed in Luxembourg.
(b) Where in accordance with any provision of the Convention income derived or capital owned by a resident of Spain is exempt from tax in Spain, Spain may nevertheless, in calculating the amount of tax on the remaining income or capital of such resident, take into account the exempted income or capital.
In Spain. In respect of taxes chargeable on income or on capital for any taxable year beginning on or after the first day of January of the calendar year next following that in which the Convention enters into force.
In Spain. (i) The general income tax on individuals (el impuesto general sobre la Renta de las personas fisicas);
(ii) The general corporation tax (el impuesto general sobre la Renta de Sociedades y xxxxx entidades juridicas);
(iii) The following prepayments: the tax on rural land, the tax on urban land, the tax on earned income, the tax on income from capital, the tax on business and industrial activities (los siguientes impuestos a cuenta: la Contribucion Territorial sobre la Riqueza Rustica y Pecuaria, la Contribucion Territorial sobre la Riqueza Urbana, el impuesto sobre los Rendimientos del Trabajo Personal, el impuesto sobre las Xxxxxx del Capital y el impuesto sobre Actividades y beneficios comerciales e industriales);
(iv) In Sahara, the income taxes on earned income and on income from capital and the taxes on profits of the enterprises (en el Sahara, los impuestos sobre la renta sobre los rendimientos del trabajo y del patrimonio y sobre los beneficios de las empresas);
(v) The "surface royalty" and the tax on corporation profits, regulated by the Law of 27 June 1974 applicable to enterprises engaged in prospecting and exploiting oil xxxxx (el Canon de superficie y el impuesto sobre los beneficios, regulados por xx Xxx de 27 de junio de 1974 aplicable a las empresas que se dedican a la investigacion y explotacion de hidrocarburos); and
(vi) The local taxes on income and capital (los impuestos locales sobre la renta y el patrimonio); (hereinafter referred to as "Spanish tax").
In Spain. As respects Spanish tax, for any year beginning on or after the first day of January in the calendar year in which this Convention enters into force.
In Spain. According to the World Bank’s Doing Business 201035, Spain is ranked 62nd for “ease of doing business” (further details given in Annex C6). It has fallen by eleven points compared to the previous year, and now is one of the countries in the EU considered less favourable for doing business. In fact, only five of the EU- 27 countries have lower rankings on this index (Luxembourg, Poland, Czech Republic, Italy and Greece). Overseas firms are actively sought out by the Spanish authorities who, over recent decades, have invested heavily in the infrastructure required to support a generally conducive business environment. With a highly developed transport system and approximately 44 ports available for the transportation of people and goods, Spain is considered to be the 4th largest sea freight transporter in Europe36.
In Spain. As with France, neither the research nor the interviews conducted for this study revealed any evidence of or preparation for EPA implementation by Spain.
In Spain. (i) The general tax on the income of individuals (Impuesto General sobre la Renta de las Personas Fisicas);
(ii) The general tax on the income of companies and other legal entities (Impuesto General sobre la Renta de Sociedades y xxxxx entidades juridicas), including the special tax of 4 per cent instituted by article 104 of Act No. 41/1964 of 11 June 1964;
(iii) The following taxes collected in advance: the land tax on agricultural and stock-raising property and livestock (Contribucion Territorial sobre la Riqueza Rustica y Pecuaria), the land tax on urban property (Contribucion Territorial sobre la Riqueza Urbana), the tax on earnings from personal services (Impuesto sobre los rendimientos del Trabajo Personal), the tax on income from capital (Impuesto sobre las Xxxxxx del Capital) and the tax on commercial and industrial activities and profits (Impuesto sobre Actividades y Beneficios Comerciales e Industriales);
(iv) In Xxxxxxxx Poo, Rio Muni, Sahara and Ifni, the taxes on income (on earnings from services and from fortune) and on the profits of enterprises [impuestos sobre la renta (sobre los rendimientos del trabajo y del patrimonio) y sobre los beneficios de las empresas];
(v) The tax on surface area (canon de superficie), the tax on gross earnings (impuesto sobre el producto bruto) and the special tax on profits (impuesto especial sobre los beneficios) governed by the Act of 26 December 1958 (applicable to enterprises engaged in prospecting for and extracting oil);
(vi) The local taxes on income or fortune (impuestos locales sobre la renta o el patrimonio); (hereinafter referred to as “Spanish tax”).
In Spain. (i) in respect of taxes withheld at source, on amounts paid or credited to non- residents, on or after 1 April in the calendar year next following that in which the Agreement enters into force;
(ii) in respect of other taxes, for taxation years beginning on or after 1 April in the calendar year next following that in which the Agreement enters into force; and
(iii) in all other cases, on or after 1 April in the calendar year next following that in which the Agreement enters into force.
