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Country by Country declaration of multinationals with a Spanish head office

We present some statistical data on multinationals (MNC) with headquarters in Spain, obtained from the use of the new form 231 for declaring information country by country. This form must be submitted at the tax domicile of residence of the parent companies of multinationals with a consolidated net turnover worldwide exceeding 750 million euros for all entities that form part of their tax group.　

This statement aims to collect aggregated and anonymised data on this group for the exchange of information established in the BEPS (Base Erosion and Profit Shifting) Agreements, in particular Actions 11 and 13, by providing States with a global overview of the intra-group activity of their largest MNCs at the jurisdiction level (depending on the country where the subsidiaries belonging to the group are located).　

The information submitted by the parent companies of all their subsidiaries abroad for the fiscal year beginning on or after January 1, 2016 includes the details of the following variables for each of the jurisdictions (countries) in which they operate:

  1. Number of entities (subsidiaries) that are part of the group of said MNCs　
  2. Turnover　
  3. Profit (loss) before tax　
  4. Corporation tax (paid and accrued)　
  5. Capital and reserves　
  6. Number of working people  　
  7. Tangible assets (property, plant and equipment)

The main difference between the country-by-country report and the data published by the Tax Agency in the Consolidated Annual Accounts of Corporate Tax (the only statistical source that adequately integrates the settlements of groups and non-group companies) is that the second statistic relates the net tax rate with the gross profit of the group (in line with the philosophy of the tax, which only taxes positive results), while form 231 shows the net profits from losses of all subsidiaries in the same tax jurisdiction.

Next release: April 2025 (Data for 2022)