Europe Spain Tax

Cuatrecasas is widely recognised as a market-leading tax practice with proven strength in all aspects of Spanish tax law and with top-ranked teams in Madrid and Barcelona. The law firm advises family-owned businesses that have operations in multiple jurisdictions on the tax aspects of corporate restructurings. The team also provides ongoing support to global or Spanish corporates, advising on diverse topics ranging from the calculation of corporation tax through to the update of transfer pricing policies. Cuatrecasas assists asset managers and high net worth individuals with the structuring of investments into Spanish assets or tax planning for the divestment of the same. Additionally, the lawyers have experience in the tax structuring of cross-border transactions between Spain and either Latin America or wider Europe. The litigation practice both defends clients in tax inspections and leads public law challenges to decisions made by tax authorities or government bodies.

Garrigues has a tremendous reputation for coverage of both major international and smaller domestic tax mandates across a network of highly regarded Spanish and global offices. The law firm attracts considerable attention for its ability to litigate against Spanish tax authorities, having handled high-profile and high-value proceedings on behalf of major taxpayers. The team has experience in Supreme Court proceedings and public policy mandates seeking to challenge the substance or application of Spanish tax law. Garrigues also advises private equity investors and corporate clients on the structuring of cross-border transactions. The team further handles general advisory and tax compliance topics, assisting with the calculation of corporate income tax and the preparation of tax filings on behalf of major Spanish corporates. It offers additional support with VAT issues, transfer pricing and the taxation of employee benefits. The firm also advises on issues concerning the specific regime for Spanish REITs or the taxation of debt capital markets and other financial instruments.

Uría Menéndez consistently wins roles on the structuring of Spain's largest M&A or finance transactions. The law firm acts for issuers and underwriters on specific issues relating to the taxation of capital markets instruments. The team attracts particular attention for its handling of transactions with a strong real estate component, often assisting either buy-side real estate investors or sell-side banks with tax structuring transactions. It also assists with requests for advance tax rulings from the Spanish authorities to clarify the direct and indirect tax consequences of corporate transactions. Uría Menéndez has experience in the negotiation of advance pricing agreements in support of commercial agreements between manufacturers and their distributors.

Baker McKenzie combines a key global brand with the superb reputations of individual partners in Madrid to attract diverse transactional and contentious tax mandates. The firm advises family offices, institutional investors and management teams on the tax planning of corporate sale processes, regularly assisting with the Spanish aspects of global strategic M&A or restructuring transactions. The team has additional experience in tax audits and transfer pricing. It has a highly regarded indirect tax practice that handles VAT refund applications and advisory mandates linked to changes in Spanish legislation.

EY Abogados has a substantial tax team that benefits from the presence of numerous individuals with previous experience working within the Spanish tax administration. The law firm earns praise from market commentators for success in attracting instructions on the tax due diligence and structuring of a significant volume of private equity, real estate and finance transactions. The team offers wide-ranging tax advisory and compliance services to major clients, bringing together specialised transfer pricing and VAT lawyers to assist with tax planning and the mitigation of tax risks. EY Abogados also represents companies in tax audits and in appeals up to Spain's Supreme Court. It has a strong reputation for work on behalf of insurers and other international financial services companies.

Linklaters has a superb reputation for its capacity to handle tax matters attached to high-value transactions. The law firm acts for Spanish and foreign private equity firms on tax structuring questions arising at either the acquisition or exit stages of energy sector and real estate investments. The team advises on the tax consequences for borrowers and lenders of refinancing transactions or the restructuring of corporate debt. Linklaters assists with the tax aspects of both equity and debt capital markets mandates for underwriters and major Spanish corporates. The team further interacts with the tax administration in order to identify potential tax risks in corporate transactions, and represents international companies in refund requests.

Clifford Chance acts for prominent banks and investment funds on the tax aspects of high-value NPL or REO transactions. The law firm handles diverse tax matters arising for companies in the real estate sector, with experience in mandates relating to the listing of Spanish REITs, the acquisition and integration of competing real estate developers or the negotiation of individual asset transactions. The team also advises on acquisition and asset finance transactions.

Freshfields Bruckhaus Deringer frequently handles tax issues related to international M&A and finance transactions. The law firm advises top international funds and their portfolio companies on the tax structuring of investments in Spain. The team engages with policymakers in order to clarify aspects of Spanish tax law. Freshfields Bruckhaus Deringer also stands out for its work on behalf of real estate investment funds or energy companies looking to raise finance through equity and debt capital markets.

KPMG Abogados offers standout capabilities in the review and defence of global transfer pricing policies, with proven experience in the negotiation of advance pricing agreements. Clients benefit from a highly regarded indirect tax team that handles both contentious and advisory mandates linked to the payment of VAT. The lawyers advise institutional investors on the due diligence or structuring of cross-border corporate transactions. The KPMG team also handles tax litigation proceedings. The team has additional expertise in tax issues arising from real estate transactions.

Pérez-Llorca advises major Spanish corporates on contentious-administrative appeals against aggressive tax audits. The firm has experience in high-profile cases that reach the Spanish Supreme Court. The team handles the tax aspects of corporate transactions, including real estate asset acquisitions and highlight M&A mandates in the Spanish sector. Pérez-Llorca also advises on the design of transactions so as to enable the tax-efficient transfer of IP rights. The firm attracts further attention for the understanding of rules concerning tax incentives for research and development activities.

PwC Tax & Legal has a vast team that leverages an extensive network across Spain and globally to attract complex international taxation and transfer pricing mandates. The firm handles advisory mandates relating to the calculation of existing tax liabilities or the design and implementation of corporate restructurings. PwC also wins instructions on the tax due diligence and structuring of M&A transactions.

Allen & Overy advises leading Spanish and international banks on the tax structuring of acquisition or project finance agreements. The team has experience in the design of tax lease structures for the financing of shipbuilding contracts. The firm assists asset management companies with Spanish investments and advises on the tax issues relating to the financing of these. Allen & Overy also defends clients in tax inspections.

The Deloitte Legal tax team assists with the design of transfer pricing policies and handles requests for advance pricing agreements to support the same. The team advises on the tax due diligence of international transactions, including inbound private equity investments and outbound strategic acquisitions carried out by Spanish energy companies. Deloitte additionally provides advisory services relating to the taxation of expatriate employees or the fulfilment of tax compliance obligations. Further areas of expertise for the firm include litigation over the calculation of VAT.

Gómez-Acebo & Pombo's team climbs a tier up due to strong market support. The team assists with the tax structuring of corporate or finance transactions. The law firm advises on tax matters relating to the issuance of debt capital markets instruments or the negotiation of term loans for the financing of projects. The team also acts for selling shareholders and private equity buyers on the identification and negotiation of tax issues in transactions. Gómez-Acebo & Pombo further handles general tax advisory mandates for smaller domestic clients, and handles litigation before Spain's tax tribunals and judicial courts.

Hogan Lovells provides tax-planning services to real estate investors or developers looking to buy or sell high-value Spanish assets. The law firm advises asset managers on the tax structuring of Spanish investments in which capital gains are distributed to investors based across the world. The firm has an notable track record in the international tax planning of Latin American corporate acquisitions and restructurings. Hogan Lovells has key partners specialised in the tax-efficient structuring of ship finance agreements who handle a mixture of contentious and advisory mandates on behalf of Spanish banks or shipyards. It also attracts attention for insurance sector expertise.

Latham & Watkins has a compact team that regularly acts for international asset managers on tax issues arising at the initial investment or exit stages of transactions. The firm advises on the structuring of acquisition finance agreements, the design of tax-efficient management incentive plans for new investments and the repatriation of funds earned through the divestment of portfolio companies. The team draws on experience working across Latin American jurisdictions and in the USA to win cross-border transactional mandates from major Spanish corporate clients. Latham & Watkins also handles tax planning matters for US-headquartered multinationals.

Andersen benefits from tax law capabilities spread across offices in Valencia, Madrid and Seville. The law firm's non-contentious practice advises on M&A and real estate transactions, with further expertise in transfer pricing and the review of international corporate tax structures. The team also advises on the availability of tax incentives for patent-holders, film producers or organisers of events considered to be in the public interest. Andersen is also well versed in tax inspections and subsequent litigation.

Araoz & Rueda has notable experience in the tax structuring of mid-cap M&A or real estate transactions. The firm handles standalone advisory mandates for companies and industry associations seeking to ensure compliance with Spanish tax rules. Araoz & Rueda also advises on double taxation treaties in force between Spain and several other jurisdictions.

CMS advises on the tax implications of domestic or cross-border corporate restructurings. The team assists with the implementation of employee share plans and handles projects for the international expansion of Spanish companies. The law firm advises insurance companies on questions relating to their indirect and direct tax liabilities in Spain. CMS handles sensitive contentious mandates that test the validity of private individuals' tax situations or companies' transfer pricing policies.

DLA Piper often handles international tax mandates on behalf of Spanish companies seeking to expand activities in the USA or Latin America. The law firm acts on global transfer pricing practice with experience in the update of transfer pricing policies and their defence in Spanish tax audits or litigation. DLA Piper's team assists with the structuring of real estate transactions and advises on tax issues relating to supporting loan facilities.

Garrido rises a tier as a result of strong market support. The team is noted by market sources for the number of partners with experience of working for the Spanish tax authority. The law firm is recognised for its extensive expertise in assisting clients with tax inspections and a wide range of litigation, including cases relating to criminal fines, VAT and corporate tax. The team also advises domestic and multinational clients on tax planning and the structuring of businesses and assets. Garrido offers additional strength in handling tax elements of M&A deals in international contexts.

GTA VILLAMAGNA is recognised as a strong choice for family offices, corporates and private individuals facing tax proceedings and litigation before the Spanish tax authorities. The law firm advises on the restructuring of real estate companies, often with a view to creating a tax-efficient succession plan for executives. Additionally, the lawyers have experience in the tax structuring of M&A transactions. The team coordinates with the Spanish offices of major international firms to advise on tax issues arising in finance transactions.

King & Wood Mallesons is a popular choice for the tax structuring of investment funds. The law firm advises family offices and international asset management companies on Spanish investments or sale processes. The team benefits from strong ties to key clients in the energy, real estate and sports sectors, assisting with tax matters arising from asset deals and strategic M&A transactions. King & Wood Mallesons' team has further experience in the defence of investigations initiated by the Spanish tax authorities.

RocaJunyent advises financial services companies and manufacturers on the creation of transfer pricing policies and the defence of them in Spanish tax audits. The firm also assists with the review of companies' corporate tax liabilities and handles related restructuring processes. Its team additionally advises on the structuring of real estate asset deals. RocaJunyent also stands out for its understanding of the tax regime for foundations, with experience in the structuring of cross-border projects.

Dentons demonstrates experience in transactional tax planning matters. The law firm advises on the tax aspects of the acquisition and financing of investments into Spanish companies, real estate assets or loan portfolios. Dentons is a popular choice for companies with operations in Spain and the UK. The law firm boasts a diverse client roster ranging from private equity houses to real estate funds and large corporates.

Fieldfisher advises on tax planning mandates and tax-efficient transactional structures, including M&A deals. The team also offers expertise in assisting clients with tax audits in addition to transfer pricing and employee remuneration. Its clients hail from a wide range of sectors including manufacturing, real estate and life sciences.