Tax evasion and the sanctions regime for foundations in Spain
In order to fight tax evasion only foundations respecting legal requirements will be entitled to receive subsidies and fiscal advantages in Spain.
foundations spain
New regulation on Foundations in Spain
The draft Law on Foundations in Spain intends to guarantee the better exercise of the right of establishment and compliance with the accompanying obligations arising from formation, not only through the foundation itself – through the purpose which justifies its existence – but also the public administrations that monitor its performance and grant, if need be, tax benefits to them.
