Citizens penalized for using intermediary companies in order to reduce their income tax (IRPF) can now subtract the amounts paid for corporate income tax when calculating the basis of the fine, according to a Supreme Court ruling issued on June 8, 2023. The reporting judge argues that in these cases the economic damage to public… Continue reading Tax Advisor: The Supreme Court reduces fines from the Tax Authorities for using intermediate companies and paying less taxes
Tag: fines
Tax Advisor: The TEAC applies the new Supreme Court criterion that reduces penalties for debts with the Tax Authorities
In its ruling of May 29, the Central Economic-Administrative Court (TEAC) adopts for the first time the criterion established by the Supreme Court on April 11. This criterion implies a reduction in the fines imposed by the Treasury in cases of tax debts. According to the TEAC, the Tax Agency must calculate the penalties based… Continue reading Tax Advisor: The TEAC applies the new Supreme Court criterion that reduces penalties for debts with the Tax Authorities