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Study of the agreement

In detail

The Economic Agreement is the traditional foral system by virtue of which the financial and tax relations between the Spanish state and the Basque Autonomous Community are set up.

The Economic Agreement, passed by the Law 12/2002, May 23, lays down the general principles applicable to those financial and tax relations, the rules to distribute competences concerning the different tax figures, the rules to determining the financial flows between the Basque Country and the Spanish state and the Committees in charge of solving any issue in relation with the application of the Economic Agreement.