On October 19th 2017, the Tax Office published the CV 2669-17, which deals the obligation to submit a new informative declaration of assets and rights located abroad  with respect to a previously informed property when the variation in the exchange rate used to determine its acquisition value has led to an increase in the value of the asset of more than EUR 20.000.

The Spanish Law establishes a Special Regime for companies with a share capital of at least EUR 5 million, under which the Corporate Tax rate is 0%. This Special Regime is called SOCIMI and it has its own regulation.

This is an optional regime. The option to be subject to the SOCIMI regime must be agreed by the General Shareholders Meeting and must be communicated to the Tax Agency Authorities corresponding to the company's tax domicile, before the last three months prior to the conclusion of the relevant tax period.