Spain’s Ministry of Finance has updated its list of non-cooperative tax jurisdictions (often referred to as “tax havens”). In the latest revision, Gibraltar, along with several other jurisdictions, has been removed from the list, while Russia has been added.
The update was published in Spain’s Official State Gazette (BOE) and reflects ongoing alignment with international tax transparency standards set by the OECD and the European Union.
Gibraltar removed
Gibraltar has been removed following Spain’s assessment that it now complies with international standards on tax transparency and information exchange.
This includes:
- Effective exchange of tax information with Spain
- A functioning bilateral tax cooperation agreement
- Participation in OECD transparency frameworks
- Compliance with international tax standards, including minimum taxation principles
The decision reflects improved administrative and fiscal cooperation between Gibraltar and Spain.
Russia added
Russia has been added to the list due to concerns regarding its tax regime and its alignment with international tax standards, consistent with EU-level policy decisions.
Its inclusion may lead to stricter tax treatment in Spain, including:
- Higher withholding tax rates in certain cases
- Increased reporting obligations
- Greater scrutiny from Spanish tax authorities
Practical impact
The list is relevant for both companies and individuals with cross-border activities. Being included or excluded can affect tax treatment, compliance requirements, and structuring considerations.
Businesses operating internationally should regularly review their exposure to listed jurisdictions to ensure compliance with Spanish tax rules.
Sources
- Spain Official State Gazette (BOE), updated list of non-cooperative jurisdictions (2026)
- OECD Global Forum on Transparency and Exchange of Information
- European Union tax policy framework and Code of Conduct Group
- International reporting on Spain’s update (June 2026)
