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【Cross-Border Tax】SPAIN: Dividends received from Brazil are 100 per cent tax free, says Spanish court

The High Court of Justice of Catalonia has confirmed that dividends received by a Spanish tax-resident individual from a Brazilian company are entitled to a full tax exemption as set out by the Brazil-Spain double taxation treaty. The decision deals with individual taxpayers, but professional services company EY notes that it could be interpreted as applying to dividends derived by a Spanish tax-resident company from its Brazilian subsidiaries....

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