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Press Release

Japanese

February 21, 2018

Ministry of Finance

New Tax Convention with Spain Agreed in Principle

[Provisional translation]

1.   The Government of Japan and the Government of the Kingdom of Spain have agreed in principle on the new Convention replacing the existing Tax Convention (the Convention between Japan and the Spanish State for the Avoidance of Double Taxation with respect to Taxes on Income), which entered into force in 1974.

2.   The new Convention will reinforce or introduce provisions for clarifying the scope of taxation in the two countries, eliminating international double taxation and preventing tax evasion and avoidance and is expected to promote further mutual investments and economic exchanges between the two countries.

3.   The new Convention will be signed after the necessary internal procedures have been completed by each of the two Governments. Thereafter, the new Convention will enter into force after the completion of the approval process in both countries (in the case of Japan, approval by the Diet is necessary).

Contact

Ministry of Finance : Tel 03(3581)4111

 International Tax Policy Division, Tax Bureau (ext. 5335 or 2457)