Special Contribution On Foreign Exchange Transactions

The entry into force of the 2024 State Budget on 1 January 2024 (approved by Law 15/23 of 29 December) saw the reintroduction of the Special Contribution on Foreign Exchange Transactions ('CEOC').
In view of the various questions raised about the scope of this contribution, the General Tax Administration ('AGT') has provided some important clarifications, which we summarise here.