Agreement between the Embassy of Spain in Algeria and Repsol to Finance Spain's National Holiday in Algiers
07 Oct 2026Effective: 07 Oct 20260 views
Who is affected:
Embassy of Spain in Algeria and Repsol Exploración Argelia SA
Summary
The Embassy of Spain in Algiers and Repsol sign an agreement whereby the company contributes €7,000 in kind to celebrate October 12 in Algeria. In return, Repsol obtains visibility and tax benefits from sponsorship.
Detailed analysis
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The agreement formalizes the collaboration between the Spanish Embassy in Algiers and Repsol Exploración Argelia SA for the celebration of the National Holiday on October 12, 2026. Repsol contributes €7,000 in kind (services or supplies) at no cost to the Embassy, applying the sponsorship tax regime under Ley 49/2002, …
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