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Spain Grants Expanded Fiscal Autonomy to Basque Country

Spain and the Basque Country reach an agreement expanding the Basque Country's fiscal autonomy, granting greater tax regulatory powers and international representation.

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Spanish

Spain

PoliticsEconomyEuropean UnionSpainAgreementAutonomy

Spanish GovernmentBasque GovernmentEcofin

María Jesús MonteroNöel D'anjouImanol PradalesPedro Sánchez

What are the next steps planned following this agreement?: The agreement is seen as boosting Basque economic self-government and will be followed by a meeting between the Spanish Prime Minister and the Lehendakari to discuss further transfers of competencies and address jurisdictional disputes.
Why was the meeting where the agreement was reached kept secret?: The agreement was reached during an unannounced telematic meeting of the Joint Commission. The Basque government attributed the secrecy to the extraordinary circumstances surrounding the recent tragedy in the Valencian Community.
How will the agreement affect non-resident taxpayers in the Basque Country?: The Basque Country will have its own regulations for taxing the activities of non-residents without a permanent establishment. Previously, these taxpayers were subject to Spanish national income tax.
What are some of the key concessions made to the Basque Country in the agreement?: The agreement allows Basque tax authorities to participate in international forums like Ecofin, a long-standing demand of the Basque government. It also increases their ability to regulate various taxes, including VAT and taxes on deposits and energy production.
What is the main purpose of the agreement between the Spanish government and the Basque government?: The Spanish government and the Basque government formalized an expansion of the Economic Concert, which guarantees the Basque Country's fiscal sovereignty. This agreement grants Basque tax authorities greater regulatory power over 15 taxes and allows them to collect more resources from non-resident taxpayers.

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