
Pillar Two in Spain: key points on the new Top-up Tax for large groups
The transposition in Spain of Council Directive (EU) 2022/2523 of 15 December 2022, on ensuring a global minimum level of taxation for multinational enterprise groups
In a recent judgement, the Madrid Provincial Court (SAP of Madrid, 28th Section, Judgement 108/2024, of 5 April), ruled on the equivalence between this system (bureaufax) and registered mail with acknowledgement of receipt, as provided for in the bylaws of the company in question.
In the case in dispute, a shareholder challenged the resolutions of a general meeting of a limited liability company on the grounds that the notice of meeting had been sent by burofax instead of registered mail, a method expressly provided for in the bylaws. The plaintiff argued that this procedural irregularity should cause the nullity of the resolutions adopted at the meeting.
Although the burofax was not expressly contemplated in the bylaws, all the requirements of personal communication and proof of receipt were met, thus guaranteeing the traceability of the process and the certainty of the notification. The Provincial Court emphasised that the objective of the bylaws is to ensure that the notification actually reaches the shareholder, and that this can be accredited, which was fulfilled in this case.
In regulatory terms, the Capital Companies Act (article 173.2 LSC) establishes that the meeting must be convened by means of a written and personal communication procedure and allows the bylaws to provide for other methods as long as the receipt by the shareholder is ensured. In this regard, the Provincial Court concluded that the use of the burofax complies with the regulations, as it offers guarantees similar to those of registered mail.

The transposition in Spain of Council Directive (EU) 2022/2523 of 15 December 2022, on ensuring a global minimum level of taxation for multinational enterprise groups

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