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 model must be submitted at their tax domicile of residence by the parent companies of multinationals with consolidated net turnover worldwide exceeding 750 million euros for all entities that are part of their group fiscal.
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 sent by the parent companies of all their foreign subsidiaries for the fiscal year beginning on January 1, 2016 includes details of the following variables for each of the jurisdictions (countries) in which they operate:
- Number of entities (subsidiaries) that are part of the group of said MNCs
- Turnover
- Profit (loss) before tax
- Corporation tax (paid and accrued)
- Capital and reserves
- Number of working people
- 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 Annual Consolidated Corporate Tax Accounts (the only statistical source that adequately integrates the liquidations of groups and companies non-group) is that the second statistic relates the net amount of the tax with the gross profit of the group (in line with the philosophy of the tax, which only taxes positive results), while Model 231 shows the net profits of losses of all subsidiaries in the same tax jurisdiction.
Next release: April 2024 (2021 data)