The Constitutional Court has admitted the appeals of unconstitutionality against the Law on the Temporary Solidarity Tax on Large Fortunes, filed by the autonomous governments of Madrid and Galicia. Likewise, the deny of the suspension of the challenged regulation requested by the Community of Madrid has been agreed. The Governing Council of the Community of… Continue reading Tax Advisor: Appeals of unconstitutionality against the Law on the ITSGF have been admitted for processing
Tag: expenses
Tax advisor: Is it possible for the management body to use the direct estimation even if it is not appropriate for calculating the Personal Income taxable base?
Article 136.2.c) of the General Tax Law allows the management bodies to examine records, documents and any other official book or document, excluding commercial accounting. The examination of these accounts is not permitted, but the documents supporting the transactions recorded or declared by the taxpayer may be examined. The review of commercial accounting within the… Continue reading Tax advisor: Is it possible for the management body to use the direct estimation even if it is not appropriate for calculating the Personal Income taxable base?
Tax advisor: When is a marketing expense on promotion considered not to be a liberality in terms of Corporate Tax?
The Supreme Court Ruling, of March 30th, 2021, appeal no. 3454/2019, determined that booked expenses are not deductible if they constitute donations or liberalities. However, accounted expenses incurred for public relations with customers or suppliers, those incurred to promote the sale of goods or services, those that respond to the same business structure and are… Continue reading Tax advisor: When is a marketing expense on promotion considered not to be a liberality in terms of Corporate Tax?