Tax: The Big Four in Spain

Deloitte Legal

Deloitte Legal's sizeable tax team offers 'excellent technical knowledge' and covers the full spectrum of tax law. Practice head Brian Leonard has expertise in international tax planning, M&A, and corporate reorganisation, while Jose María Gómez Rosende provides specialist experience in designing carried interest structures for private equity funds. With the support of the firm's global network, the practice also offers cross-border advice; in a recent highlight, the team advised Advent International on the tax issues arising from the €270m sale of Spanish explosives company Maxam to US investment firm Rhône Capital.

Practice head(s):

Brian Leonard


Their technical knowledge and customer orientation are the two characteristics that I appreciate most, specifically in complex projects. I consider as most important their commitment and flexibility to adapt to customer needs in the required service.

The strengths of the Deloitte tax team are: its excellent technical knowledge of the subject, its focus on results adapted to the needs of the client, and its proactivity, flexibility and availability. The entire tax team has the skills and abilities indicated. However, standing out from competitors are: its dedication and empathy with the client, its commitment and responsibility, and its excellent technical and project management knowledge, applied with a global vision.’

Key clients





Binter Canarias




Contour Global

Advent International

Work highlights

  • Advising energy multinational Repsol on the tax aspects of its €733m acquisition of Viesgo’s non-regulated energy production business.
  • Assisting Enagás with the tax aspects of the €525m acquisition of an 11% stake in US energy infrastructure company Tallgrass Energy.
  • Providing tax advice to Santander within the framework of a previous agreement reached with Crédit Agricole/Caceis regarding the deposit and custody business of both financial groups.

EY Abogados

Recognised for its 'great knowledge of the market' and 'high-quality solutions', the tax team at EY Abogados, which was recently strengthened by a number of arrivals at partner level, including international tax specialists Anil Bharwani and Elena Sánchez, is regularly involved in some of the largest transactions in the Spanish market, and advises major Spanish and foreign multinational groups on all aspects of tax law. Headed by Ramón Palacín and  Rocío Reyero, the department's cross-border expertise ranges from transfer pricing to complex supply chain solutions. The firm is also in the process of introducing the digitalisation of its tax services. Araceli Sáenz de Navarrete is also highly recommended.

Practice head(s):

Ramón Palacín; Rocío Reyero


The team is client oriented.’

‘Pablo Ulecia Rubio has strong tax skills and good knowledge of the financial sector.’

It’s a very robust team with strong expertise.’

‘José María Remacha Albistur is an excellent professional with experience of working within the tax administration.’

The EY team is a very professional and high-quality technical team. It has a great knowledge of the market and the company so it can offer high-quality solutions. The team members are able to respond quickly to our tax queries, even when complex questions are raised and must be resolved quickly and efficiently.’

‘José Luis Prada has always shown great involvement with the company, and his vision is key and highly valued.’

‘Anna Gonzalez Lancho offers us responsible, well analysed and highly qualified technical work.

Manuel Paz Figueiras delivered in every aspect and was available when needed.’

The services provided by Javier Montes and his transfer pricing team were insightful, connected and responsive. Javier knows and follows our business agenda, and consequently, he is capable of understanding our insights. He presents high-value insights proactively. He also treats us as individuals, and he is honest in the budgeting of his services.

The level of the firm’s work was more than expected, not only in terms of the quality but also the speed of response.’

‘Pablo Ulecia has huge knowledge of this sector. I have always considered Pablo as one of the best tax advisers. He understands the problem very quickly and provides us with the best option and the best analysis.’

They know the real tax needs and situation of the companies to which they provide their services, are up to date, and seek a practical approach. EY professionals express great commitment to their clients and are concerned that the service they provide is truly useful and of high quality, trying to provide ideas or alternatives that really allow us to make a difference.’

‘Notable in this field is Pablo Ulecia.’

Key clients

Hines Interest






Taiyo Nippon Sanso




Portobello Capital

Work highlights

  • Advising Portobello Capital on the tax aspects of Platinum Equity’s acquisition of a majority stake in Iberconsa.
  • Assisting GenesisCare with the tax aspects of its project to implement SAP software in all its centres in Spain.
  • Carrying out tax due diligence for ProA Capital on the recent sale of the group to the Mexican company Alsea.

KPMG Abogados, Spain

KPMG Abogados' 'very responsive', 'practical' and 'technically sound' tax team covers all tax-related issues, possessing 'outstanding expertise in tax litigation' as well as advising on tax inspections, tax optimisation services, consolidated corporate income tax regimes and VAT grouping. Alberto Estrelles leads the sizeable department, which includes the recognised tax litigation expert Julio César García Muñoz and prominent transfer pricing specialist Montserrat Trapé. In addition to recent high-value, cross-border work in M&A, the team recently advised a major telecoms company on the tax elements of a litigation funding contract worth over €1bn.

Practice head(s):

Alberto Estrelles


The team was very responsive, able to work very well with our other advisers, were technically sound, yet practical and clear in their advice.

The tax litigation team leaded by Julio César García is unique thanks to its outstanding expertise in tax litigation, its strong technical skills, creativity and knowledge of the global context of each company/market and how to fit it to the specific clients needs.

They know how to put themselves in the client’s shoes, see the problems as their own and have a very good relationship with the tax administrators. I would highlight Montserrat Trapé for the qualities mentioned above.’

Key clients

El Corte Inglés



Sistema 4B








Work highlights

  • Advising AIMCo on the tax aspects of its $1.6bn acquisition of Eolia Renovables de Inversiones.
  • Providing tax advice to Goldman Sachs on the $2.4bn sale of a 50.1% stake in Redexis Gas.
  • Assisting IFM Investors with the tax aspects of its $1.3bn acquisition of a 49% stake in FCC Aqualia.

PwC Tax & Legal Services

PwC Tax & Legal Services fields a sizeable tax team with extensive expertise across the practice area, and has recently added a number of new clients, such as RTVE and Realia Business, to its roster of high-profile global and domestic clients. The department includes transfer pricing expert Javier González Carcedo and Alberto Monreal, the head of indirect taxes. The firm is providing advice to Distrito Castellana Norte on the tax to be generated from the development of the €6bn Madrid Nuevo Norte real estate project.

Key clients

Corporación de Radio Televisión Española

Distrito Castellana Norte

Realia Business


NTT Data


Miura Capital

Platinum Equity


Penguin Random House

Work highlights

  • Representing TVE in a complex case worth over €100m relating to tax deduction before the European Court of Justice.
  • Assisting EulaLink with the tax structuring in order to deploy and operate a submarine cable that will link Portugal to Brazil, in a matter worth $160m.  
  • Advising Realia Business on a wide range of tax matters.