Law 10/2014 definition
Examples of Law 10/2014 in a sentence
The Guarantor will comply with the reporting obligations set out in Section 4 of the First Additional Provision of Law 10/2014 in respect of Holders or beneficial owners who are taxpayers of the Spanish Individual Income Tax or taxpayers of the Spanish Corporation Tax, as well as taxpayers of the Spanish Non-resident Income Tax who hold the Securities through a permanent establishment located in Spanish territory.
The Guarantor will apply the First Additional Provision of Law 10/2014 to the Securities for Spanish tax purposes.
In such case, Additional Provision One of Law 10/2014 of 26 June, on supervision and solvency of credit entities (“Law 10/2014”), would apply to the Securities and payments of interest in respect of the Securities will be made without withholding tax in Spain provided that the Fiscal Agent provides the Guarantor in a timely manner with a certificate containing certain information in accordance with section 44 paragraph 5 of the Royal Decree 1065/2007 relating to the Securities.
Article 44 of RD 1065/2007, as amended by the RD 1145/2011, sets out the reporting obligations applicable to preference shares and debt instruments issued under Law 10/2014.
The procedures apply to interest deriving from preference shares and debt instruments to which Law 10/2014 refers, including debt instruments issued at a discount for a period equal to or less than twelve months.