Transfer Pricing End-of-Year Adjustments in Spain

Transfer pricing year-end adjustments are common practice in Spain and are accepted by the Spanish tax authorities provided that they are well grounded on an appropriate functional and economic analysis. However, attention must be paid to certain aspects to avoid tax risks.This article is part of a special issue of the International Transfer Pricing Journal on transfer pricing end-of-year adjustments. The other articles include the General Report and contributions on Belgium, France, Germany, Ireland, Italy, Korea, the Netherlands, the United Kingdom and the United States.