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News    17 January 2012


New Spanish tax to hurt non tax-compliant bond holders

A rise in income tax for 2012 and 2013 in Spain will leave holders of tax-compliant bonds unscathed while forcing non tax-compliant bond holders to withhold tax for the next two years.


The increase in the Spanish personal income tax regime will not affect tax-compliant bonds sold in Spain if they are not encashed until 2014, according to Skandia International.

By contrast, ...



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