The Ministry of Finance has published in the Official State Gazette (BOE) the latest model of the solidarity tax on large fortunes. This tax seeks to counteract the autonomic bonuses in the wealth tax and its declaration will be carried out between July 1 and 31 of this year, based on the wealth declared in… Continue reading Tax Advisor: Reduction of the Temporary Solidarity Tax on Large Estates in Madrid, Galicia and Andalusia
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Tag: Europe
Tax advisor: Compensation awarded to a senior executive due to an unfair dismissal
In relation to the possible application of the personal income tax (IRPF) exemption to severance compensation received by senior executives, the Supreme Court established in a ruling of November 5, 2019 a new interpretative criterion. In cases of termination of the senior management contract due to the employer’s retirement, the labor legislation recognized the right… Continue reading Tax advisor: Compensation awarded to a senior executive due to an unfair dismissal
Tax advisor: Navarra approves the revised text of the special tax regime applicable to foundations and other non-profit entities, as well as tax incentives related to patronage
The Foral Legislative Decree 2/2023, published in the Official Gazette of Navarra on June 13, has approved the revised text that includes the provisions of the special tax regime applicable to foundations and other non-profit entities, as well as the tax incentives related to patronage. This consolidated text seeks to regularize, clarify and harmonize the… Continue reading Tax advisor: Navarra approves the revised text of the special tax regime applicable to foundations and other non-profit entities, as well as tax incentives related to patronage
Tax advisor: Changes in maternity deductions for the years 2020 to 2022
The maternity deduction, established for mothers who have children under three years of age and are self-employed or employed, and who are registered in the corresponding social security or mutual insurance scheme, has undergone changes as of January 1, 2023 due to the Employment Promotion Law. According to this amendment, unemployed mothers are now also… Continue reading Tax advisor: Changes in maternity deductions for the years 2020 to 2022
Tax advisor: The documentation provided by a company does not represent a complete idea of the monetary flow that would justify the bank balance detected by the Inspection as previously hoarded money, and not as undeclared income in the Corporate Tax
In its ruling of February 17, 2023, the High Court of Justice of Andalusia (TSJA) examines whether it is appropriate to increase the tax base due to the discovery of a hidden asset. In particular, it deals with cash income that the Inspection presumes to correspond to undeclared income and that must be considered as… Continue reading Tax advisor: The documentation provided by a company does not represent a complete idea of the monetary flow that would justify the bank balance detected by the Inspection as previously hoarded money, and not as undeclared income in the Corporate Tax
Tax advisor: Restricting the refund of undue payments and the interest thereon, when made under national legislation contrary to EU law, violates the principles of effectiveness and loyal cooperation.
In its judgment of 8 June 2023, the Court of Justice of the European Union (CJEU) held that national legislation which temporarily limits the period for accrual of interest on the undue payment due to the taxpayer, because the tax which gave rise to that payment is considered to be contrary to EU law, infringes… Continue reading Tax advisor: Restricting the refund of undue payments and the interest thereon, when made under national legislation contrary to EU law, violates the principles of effectiveness and loyal cooperation.
Tax advisor: Alava makes changes to its Personal Income Tax regulations
Foral Decree 22/2023, published in the Official Gazette of the Historical Territory of Alava on June 7, 2023, has approved the modification of Foral Decree 40/2014, which regulates Personal Income Tax, and Foral Decree 4/2023, which establishes the rules for the special simplified Value Added Tax regime for the year 2023. This regulation introduces into… Continue reading Tax advisor: Alava makes changes to its Personal Income Tax regulations
Tax advisor: Rejected the consultation for inflation to be deducted from the real estate gain in the Personal Income Tax
The Constitutional Court has issued a ruling rejecting the deduction of inflation from real estate gains in the Personal Income Tax (IRPF). With this, it upholds the 2014 reform that eliminated the corrective coefficients that reduced the tax payable based on inflation. The ruling resolves the question of unconstitutionality raised by the High Court of… Continue reading Tax advisor: Rejected the consultation for inflation to be deducted from the real estate gain in the Personal Income Tax
Tax advisor: It is obligatory to declare when only a foreign pension is received
When the total income derived from work comes from a single payer, the limit for determining the obligation to file a tax return is set at 22,000 euros per year (according to article 96.2.a) and 3) of the IRPF Law). However, this limit does not apply in principle to taxpayers who receive earned income from… Continue reading Tax advisor: It is obligatory to declare when only a foreign pension is received
Tax advisor: Modified Bizkaia’s regulations on the Fluorinated Greenhouse Gas Tax to simplify obligations and control of the tax
The Normative Foral Decree 2/2023, published in the Official Gazette of Bizkaia on May 25, 2023, introduces amendments to the Foral Regulation 5/2014, on the Tax on Fluorinated Greenhouse Gases. This regulation incorporates the amendments made at the national level by Law 14/2022, which amends Law 16/2013, related to environmental tax measures and other tax… Continue reading Tax advisor: Modified Bizkaia’s regulations on the Fluorinated Greenhouse Gas Tax to simplify obligations and control of the tax