Spain is in the process of transposing the newtax framework on minimum global corporation tax.: transposition of the Council Directive (EU) 2022/2523 of 14 December 2022 on ensuring aglobal minimum level of taxation for multinational enterprise groups andlarge-scale domestic groups in the Union “EU Directive 2022/2523”, also,“EU Pillar Two Directive”) In this line, since March 2023 the Ministry of Finance of Spain has beenworking on the transposition on the Pillar 2 Directive: it has recentlysubmitted for public consultation the transposition of the EU Pillar -Two Directive. See expected tax changes.

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