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Practical Manual of Companies 2022.

Tax system for entities holding foreign securities

Entities covered by special tax in "Tax regime for entities holding foreign securities (chapter

In relation to the application of this special tax regime, the thirty-first transitional provision of the LIS establishes a transitional regime , according to which, the shares acquired by entities covered by the special tax regime for entities holding foreign securities provided for in Chapter XIV of Title VII of RDLeg . 4/2004, according to current wording in tax periods that had begun prior to January 1, 2015, that had an acquisition value greater than 6 million euros without meeting the minimum participation requirement established in letter a) of the article 21.1 of the aforementioned RDLeg. 4/2004, may apply the tax regime established in said article and in Chapter XIII of Title VII of the LIS, in the tax periods that begin on or after January 1, 2015.