The higher court has established as a criterion that, in cases of capital reduction with forgiveness of passive dividends before their enforceability, the economic value for calculating the Taxable Base of the Property Transfer Tax and Documented Legal Acts (ITPyAJD) in corporate operations is considered null.   Taxable Base in Capital Reduction: Legal Analysis and… Continue reading Tax advisor: The Supreme Court sets the Taxable Base of ITPyAJD at zero in corporate operations due to the forgiveness of non-enforceable dividends