ECJ rules against Spanish exit tax [TAX ALERT]

June 18, 2013

On 25 April 2013, the European Court of Justice (ECJ) released its decision in the Commission vs. Spain case (C-64/11) confirming that the Spanish exit tax rules, which impose immediate taxation on the unrealized gains which have accrued in the Spanish territory prior to an exit to another EU Member State, are in breach of EU law.

Further details are available from the Ernst & Young Tax Alert which can be accessed using the link below:

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