The “amnesty” tax seeks to promote the capital (money now abroad) to return to Spain or hidden capital (money is not taxable) within the country be relieved of any penalties or sanctions, to be surfaced.
The Government will act on three fronts:
A. – There will be a special type of 8% for the repatriation of dividends or income from asset sales.
2. – Individuals have a temporary program to declare undeclared assets in Spain and outside of Spain until 30 November.
3. – Another special assessment is approved ara companies and individuals who need only pay 10% of the capital emerged,
These three measures are aimed at increasing the tax base, which has been greatly reduced in recent years by the crisis and end the current situation where many companies taxed abroad but are based in Spain.