The Government of La Rioja approved on Thursday a 99% Inheritance and Gift Tax bonification for parents, children and spouses. Until now, this rebate was applied to inheritances with net taxable bases equal to or less than 400,000 euros. This action eliminates a tax considered obsolete and confiscatory (only 1% is maintained for administrative control… Continue reading Tax Advisor: La Rioja bonifies the 99% of the Inheritance and Gift Tax quota for parents, children and spouses
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Tag: Europe
Tax Advisor: The Supreme Court allows the deduction in the Personal Income Tax of the severance pay of senior managers who are administrators
The Supreme Court, in its ruling number 1092/2023, dated July 25, ECLI:ES:TS:2023:3589, has established as case law the following: 1) It is feasible to apply the reduction for irregular income as established in article 18.2 of the Personal Income Tax Law (LIRPF) to compensation received by senior executives who also hold the position of corporate… Continue reading Tax Advisor: The Supreme Court allows the deduction in the Personal Income Tax of the severance pay of senior managers who are administrators
Tax advisor: How to avoid tax penalties in case of an intermediary company?
Issuing invoices for professional services using an intermediary entity may raise doubts on the part of the tax authorities. The tax authorities tend to consider the creation of Single-Member Limited Liability Company (SLU) as suspicious when there is no real business structure behind it, which could lead to accusations of tax evasion. To avoid possible… Continue reading Tax advisor: How to avoid tax penalties in case of an intermediary company?
Tax advisor: Is it possible to deduct VAT on services in a property partially used for business?
The deduction of VAT on water, gas, electricity and telephone services in properties used for both business and residential purposes was a controversial issue in tax matters. The Treasury and the General Directorate of Taxes had maintained a restrictive position in denying this deduction. However, a recent Resolution of the Central Economic-Administrative Court (TEAC) issued… Continue reading Tax advisor: Is it possible to deduct VAT on services in a property partially used for business?
Tax advisor: Tributes analyzes the Personal Income Tax taxation of the sale of a client portfolio
During 2023, the Directorate General of Taxes has issued several opinions on how the sale of a client portfolio is taxed in the IRPF and the rules for allocating the deferred payments received in exchange. For example, through binding consultations such as V1871-23 (June 28, 2023), V1674-23 (June 13, 2023), V0716-23 (March 24, 2023) and… Continue reading Tax advisor: Tributes analyzes the Personal Income Tax taxation of the sale of a client portfolio
Tax Advisor: Corporate Income Tax Incentives and how to access them
Small companies can access corporate tax incentives, which means that those companies with a turnover of less than 10 million euros in the previous year can enjoy these benefits. These companies can take advantage of benefits such as free depreciation for investments in tangible fixed assets and real estate investments that generate employment. To qualify… Continue reading Tax Advisor: Corporate Income Tax Incentives and how to access them
Tax advisor: The rate for water supply, with a fixed and variable fee, follows principles of efficient use, cost impact, sustainability and solidarity
The appealed judgment argues that the first instance judgment is wrong in determining who is the final beneficiary of the service, since it considers that it is the municipality and not the individual consumers. Furthermore, it points out that the subject matter of the appeal refers to the supply of high water and that the… Continue reading Tax advisor: The rate for water supply, with a fixed and variable fee, follows principles of efficient use, cost impact, sustainability and solidarity
Tax advisor: A municipality cannot establish differences in a rate according to the registration of users, since it violates the principle of equality
The main issue focuses on the legality of the discount approved by the City Council in favor of residents registered in that municipality in the fees for access to municipal sports facilities, such as sports centers, swimming pools and frontons. The first instance ruling concluded that when a municipality decides to offer a service that… Continue reading Tax advisor: A municipality cannot establish differences in a rate according to the registration of users, since it violates the principle of equality
Tax Advisor: More than 500 fortunes avoid paying Wealth Tax thanks to their residency in Madrid
In the last 10 years, the number of taxpayers with a net wealth of more than €30 million has doubled in number, from 443 people in 2012 to a record 831 people by the end of 2021, according to data provided by the Tax Agency. Surprisingly, however, less than half of these high-net-worth individuals paid… Continue reading Tax Advisor: More than 500 fortunes avoid paying Wealth Tax thanks to their residency in Madrid
Tax advisor: Should the registration service for vehicles sold be considered as accessory in the IGIC tax base for vehicle purchase and sale activity?
The ruling under review determined that vehicle deliveries and agency services are independent and autonomous activities in the context of the Canary Islands General Indirect Tax (IGIC). This conclusion was based on a legal provision similar to article 78 of the Value Added Tax (VAT) Law and on case law of the Court of Justice… Continue reading Tax advisor: Should the registration service for vehicles sold be considered as accessory in the IGIC tax base for vehicle purchase and sale activity?