The European Commission welcomed on Friday 15 November Spain's commitment to abolish the tax exemption for Spanish ports as from 2020. It has thus closed the proceedings against Madrid.
In Spain, port authorities are currently exempt from corporate income tax on their main sources of income, including port fees or income from rental contracts.
In the Basque Country, port authorities are currently fully exempt from corporate income tax.
In January 2019, the Commission asked Spain to adapt its...