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 filed at your tax domicile of residence by the parent companies of multinationals with a worldwide consolidated net turnover of more than 750 million euros for all the entities that form part of your tax group.
This statement aims to collect aggregated and anonymised data from this group for the exchange of information under 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 NQFs 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 1 January 2016, includes a breakdown of the following variables for each of the jurisdictions (countries) in which they operate:
- Number of entities (subsidiaries) forming part of the group of such NQFs
- Profit (loss) before tax
- Corporation tax (paid and accrued)
- Capital and reserves
- Number of employees
- Tangible assets (tangible fixed assets)
The main difference between the country-by-country report and the data published by the Tax Agency in the Consolidated Annual Corporate Income Tax Accounts (the only statistical source that properly integrates group and non-group company assessments) is that the latter statistic relates the net tax liability to the gross profit of the group (in line with the philosophy of the tax, which only taxes positive results), whereas form 231 shows the net profits of losses of all subsidiaries in the same tax jurisdiction.