Today, July 17, the Official Gazette of Navarra published in the Official Gazette of Navarra the FORAL LEGISLATIVE DECREE 3/2023, of June 21, on tax harmonization. With this measure, Navarre seeks to align its regulations on Value Added Tax (VAT) and Excise Duties with those of the common territory. It includes the amendments made at… Continue reading Tax advisor: Navarra has made changes to its VAT and Excise Tax regulations in order to harmonize them with those of the common territory.
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Tag: Europe
Tax Advisor: The Supreme Court allows corporate income tax deductions for the remuneration of directors and sole shareholder, without the need for approval by the general meeting of shareholders
The Supreme Court rules that the remuneration of directors in a commercial entity, ascertained and provided for in the articles of association of the company, is not considered a non-deductible liberality, even if it was not approved by the general meeting of shareholders. In the case of a sole proprietorship, approval by the general meeting… Continue reading Tax Advisor: The Supreme Court allows corporate income tax deductions for the remuneration of directors and sole shareholder, without the need for approval by the general meeting of shareholders
Tax advisor: Consequences of divorce on your Personal Income Tax return
First of all, in case of a divorce, the possibility that the whole family unit, composed of spouses not legally separated and their minor or disabled children, can be taxed jointly, disappears. Instead, in the event that the former spouses have minor or adult children with disabilities in common, the family unit can only be… Continue reading Tax advisor: Consequences of divorce on your Personal Income Tax return
Tax Advisor: The Supreme Court ratifies the importance of accurately identifying the witnesses or samples in the valuation of the verification of values
In numerous previous rulings, the Supreme Court has addressed the question of the need for the expert of the Administration to make a direct visit to the property being valued in order to issue his opinion. However, the appealed judgment considers that this visit is not necessary, which contradicts the criterion established by the Court.… Continue reading Tax Advisor: The Supreme Court ratifies the importance of accurately identifying the witnesses or samples in the valuation of the verification of values
Tax advisor: Treasury raises the exemption for travel expenses to 0.26 euros/km in the Personal Income Tax
In today’s BOE, the Ministry of Finance has published an update of the compensation for mileage expenses for those who use a vehicle in their work. The compensation will increase immediately from €0.19 to €0.26 per kilometer, which represents an increase of almost 37%. This compensation includes fuel, vehicle wear and tear and possible breakdowns,… Continue reading Tax advisor: Treasury raises the exemption for travel expenses to 0.26 euros/km in the Personal Income Tax
Tax Advisor: When there is a discrepancy between the cadastral register and the Land Registry, who is the taxable person for IBI?
In this case, the property on which the Real Estate Tax (IBI) was levied did not belong to the entity that received the liquidation, but to a third entity registered in the Land Registry at the time of accrual, and the data of the Cadastre cannot prevail over this. The question of appeal is to… Continue reading Tax Advisor: When there is a discrepancy between the cadastral register and the Land Registry, who is the taxable person for IBI?
Tax advisor: Are the invoicing services provided by the pharmaceutical association to certain members of the association, who pay a fee, exempt from VAT?
The plaintiff professional association was subject to inspections that led to the imposition of VAT and IS assessments for the years 2014 to 2017 (VAT) and 2013 to 2017 (IS). The Administration considered that the invoicing services provided by the Official College of Pharmacists to the members of the college owning pharmacy offices should be… Continue reading Tax advisor: Are the invoicing services provided by the pharmaceutical association to certain members of the association, who pay a fee, exempt from VAT?
Tax advisor: Supreme Court to rule on restrictions on free movement of capital, derived from IRNR regulations, for U.S. resident mutual funds
The contested ruling notes that there is a significant increase in cases involving the taxation of non-resident collective investment schemes that receive dividends from Spanish companies. In many cases, these institutions are resident in countries with which Spain has agreements to avoid double taxation. In this type of situation, the key issue is the neutralization… Continue reading Tax advisor: Supreme Court to rule on restrictions on free movement of capital, derived from IRNR regulations, for U.S. resident mutual funds
Tax advisor: Supreme Court to rule on restrictions on free movement of capital, derived from IRNR regulations, for U.S. resident mutual funds
The contested ruling notes that there is a significant increase in cases involving the taxation of non-resident collective investment schemes that receive dividends from Spanish companies. In many cases, these institutions are resident in countries with which Spain has agreements to avoid double taxation. In this type of situation, the key issue is the neutralization… Continue reading Tax advisor: Supreme Court to rule on restrictions on free movement of capital, derived from IRNR regulations, for U.S. resident mutual funds
Tax advisor: Can the remuneration of the partner/administrator/empowered be deducted if it is duly registered and supported by documents?
The contested ruling holds that even if the spouses do not perform the activities invoiced and the partnership hires third parties for such activities, the same conclusion cannot be applied to them due to their status as absolute owners and controllers of the partnership, which precludes considering their relationship as an employment relationship. The Supreme… Continue reading Tax advisor: Can the remuneration of the partner/administrator/empowered be deducted if it is duly registered and supported by documents?