Law 58/2003 of December 17, 2003, General Tax Law, following the guidelines of Council Directive (EU) 2021/514 of March 22, 2021, which alters Directive 2011/16/EU on administrative cooperation in the field of taxation, and other tax provisions, has been approved and is ready for its disclosure in the BOE and its implementation. The purpose of… Continue reading Tax advisor: Tax developments in administrative cooperation in the fiscal area and other tax regulations
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Tag: Europe
Tax advisor: Possibility of correcting tax payments without filing a complementary return
The approval of several tax regulations by the Congress of Deputies has been accompanied by the incorporation of a unique system used for the correction of self-assessments. In this way, the rectification of the self-assessment is regulated, which will replace the dual system of complementary self-assessment. The purpose is that taxpayers can rectify the self-assessment… Continue reading Tax advisor: Possibility of correcting tax payments without filing a complementary return
Tax advisor: New taxes approved in Gipuzkoa
In the Official Gazette of Gipuzkoa of today, May 22, 2023, two foral decrees relevant for the territory have been published: FORAL REGULATIVE DECREE 1/2023, of May 9, of the Historical Territory of Gipuzkoa, on the special tax on non-reusable plastic packaging, and FORAL REGULATIVE DECREE 2/2023, of May 9, of the Historical Territory of… Continue reading Tax advisor: New taxes approved in Gipuzkoa
Tax advisor: Tax cooperation in the European Union for cryptocurrencies and high net worth assets
The Council has reached an agreement on its position on amendments to the Directive on administrative cooperation in tax matters. These amendments mainly focus on the reporting and automatic exchange of information on income derived from cryptocurrency transactions, as well as on the disclosure of information on previous tax rulings for high net worth individuals.… Continue reading Tax advisor: Tax cooperation in the European Union for cryptocurrencies and high net worth assets
Tax advisor: New European Union customs reform
The Commission has presented proposals for the most comprehensive reform of the EU Customs Union since its establishment in 1968. The proposals put forward aim to establish a world-leading vision for the use of data in EU customs, which will significantly simplify customs processes for businesses, especially trusted traders. Through digital transformation, this reform will… Continue reading Tax advisor: New European Union customs reform
Commercial advisor: Spain approves the incorporation of limited liability companies online
On May 8, 2023, the Spanish Congress definitively passed the Law for the transposition of the Directives of the European Union on the accessibility of certain products and services, migration of highly qualified persons, taxation, and digitalization of notarial and registry actions, which will allow the incorporation online of limited liability companies. The Law for… Continue reading Commercial advisor: Spain approves the incorporation of limited liability companies online
Tax advisor: Álava amends its Personal Income Tax Regulations in order to comply with the new developments in relation to the Beckham Law and investment deductions.
The Regional Government Council of Alava approved the modification of the Personal Income Tax Regulations by means of Regional Decree 17/2023, published in the Official Gazette of the Historical Territory of Alava. These amendments have been made in response to the changes made in the Foral Regulation 33/2013 on Personal Income Tax, which requires an… Continue reading Tax advisor: Álava amends its Personal Income Tax Regulations in order to comply with the new developments in relation to the Beckham Law and investment deductions.
Tax advisor: The tax benefit related to the tax deduction of the financial goodwill cannot be applied
In the Ruling of February 28, 2023, the National Audience examines whether the tax benefit related to the financial goodwill tax deduction set forth in Article 12.5 of the TRLIS, which the taxpayer used in its corporate income tax returns for the years 2008 and 2009, is applicable to the current case. This arises as… Continue reading Tax advisor: The tax benefit related to the tax deduction of the financial goodwill cannot be applied
Tax advisor: The minimum tax rate of 15% that the Treasury will apply to corporations is appealed
The global minimum tax of 15% for multinationals and large national groups, which the Treasury plans to approve at the end of this year in compliance with a European directive, has been appealed before the General Court of the European Union (GCEU). This measure will apply from 2024 and will affect companies with an annual… Continue reading Tax advisor: The minimum tax rate of 15% that the Treasury will apply to corporations is appealed
Tax advisor: Tax benefit for large family before the birth of the third child
A family with two children and the pregnant woman have obtained a favorable ruling by the Regional Economic Administrative Court (TEAR) of Madrid in their request to be recognized as a large family for the payment of the Transfer Tax and Stamp Duty (Impuesto sobre Transmisiones Patrimoniales y Actos Jurídicos Documentados). When acquiring a property,… Continue reading Tax advisor: Tax benefit for large family before the birth of the third child