Reduction of income from certain intangible assets

Article 23 of the LIS regulates the reduction in the tax base of income from certain intangible assets, and according to letter b) of this article it is required that the transferee of such assets does not reside in a country or territory with no taxation or qualified as a tax haven, unless it is located in a Member State of the European Union and the taxpayer proves that the operation responds to valid economic motives and that it carries out economic activities.

Likewise, as from 1 January 2021, the bilateral agreement between the United Kingdom and Spain for the avoidance of double taxation will be applicable.