Our partner, Garrigues, invited partners and contacts of the Chamber of Commerce
to a working breakfast the December 4, 2009, at the Garrigues
headquarters in Madrid.

Title: Key tax issues for 2010. Opportunities for Norwegian companies/residents
according to European Union case law.
Welcome and breakfast moderator was Vicente Bootello (Partner of the Tax Department
of Garrigues).

I. Key tax issues for 2010.
• General comments on new developments in relation to real estate taxation.
• Other new tax developments introduced by the Law on Listed Corporations for
Investment in the Real Estate Market («SOCIMI»): New developments in corporate
income tax, personal income tax and value added tax.
• Brief reference to the new tax developments included in the State Budgets Bill
and in the Bill transposing certain EU directives in the area of indirect
taxation.
Speaker was Gonzalo Rincón (Manager of the Tax Department).

Approximate duration: 45-60 minutes.

II. Opportunities for Norwegian companies/residents according to European
Union case law.
• Comments on the main ECJ judgments and EC legislation: In particular:
o Distribution of dividends by Spanish subsidiaries to their Norwegian resident
parent companies. Situation in Spain and in other EC Member States.
o Capital gains obtained in Spain by nonresidents.
Speakers were Alfonso López (Manager of the Tax Department).
Salvador Pastoriza (Senior of the EC Tax Department).