Beckham Law for directors: causality, tax reviews and documentary evidence
The special tax regime applicable to workers relocated to Spain, commonly known as the Beckham Law, is regulated in Article 93 of the Spanish Personal
LO 2/2024 transposes Directive (EU) 2022/2381 of the European Parliament and of the Council of 23 November 2022 into Spanish law, defining equal representation as a situation in which neither sex exceeds 60% nor is less than 40% in each area, except in cases where female representation exceeds 60%, always in line with the principle of affirmative action.
Regarding the corporate sphere, LO 2/2024 establishes specific requirements for listed companies and public interest entities, when they meet certain requirements, such as having an average of more than 250 workers or exceeding 50 million euros in annual turnover.
The main obligations imposed by the law include:
Failure to comply with these obligations will be considered a serious infringement, as established in article 292 of the Securities Market and Investment Services Act.
As regards implementation deadlines, the law foresees a gradual timetable. For the 35 listed companies with the largest market capitalisation, the deadline is 30 June 2026, while for the remaining listed companies it will be 30 June 2027. Public interest entities will have differentiated deadlines, reaching 40% representation by June 2029.
The special tax regime applicable to workers relocated to Spain, commonly known as the Beckham Law, is regulated in Article 93 of the Spanish Personal
In an M&A transaction, the SPA usually concentrates a significant part of the negotiation. However, especially in small-market transactions, the real balance of the deal
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