Spain Gazettes Law Establishing Temporary Energy Taxes, Modifying Various Tax Regulations (Corrected)

The Spanish Official Gazette Dec. 28 published Law No. 38/2022, establishing temporary energy taxes and modifying various tax regulations. The law includes measures: 1) imposing a temporary tax on energy sector operators for 2023 and 2024; 2) imposing a temporary tax, for 2023 and 2024, on credit and financial institutions with turnover in 2019 of at least 800 million euros (US$852 million); 3) establishing a temporary solidarity tax on individuals with net assets exceeding 3 million euros (US$3.19 million); 4) allowing Spanish film producers to deduct up to 30 percent of promotional production costs; 5) allowing taxpayers that invest in ...