Exemption on dividends and income derived from the transfer of securities representing the equity of entities resident and non-resident in Spanish territory

Article 21 of the LIS regulates the exemption on dividends and income derived from the transfer of securities representing the own funds of non-resident entities in Spanish territory, establishing that it does not apply to resident entities in territories considered tax havens, unless they belong to the EU and meet certain requirements.

Therefore, from 1 January 2021, the bilateral agreement between the United Kingdom and Spain to avoid double taxation will be applicable.