FISCAL PROCEEDINGS AGAINST SPAIN CLOSED.

• Position: Exemption of pension contributions from income tax - Brief article

The European Commission has closed the case against Spain over its tax rules relating to pension contributions paid to non-Spanish funds. It considers that the changes introduced in the Spanish legislation, amended by Law 22/2005 of 18 November 2005 allowing for the deduction of contributions paid to pension funds established in other member states, are in line with the changes requested in the Commission's reasoned opinion. Under the old Spanish legislation, pension contributions paid by the employer were exempt from...