TEAC establishes precedent: refunds from rectifications of Corporate Tax self-assessments are not undue payments

TEAC establishes precedent: refunds from rectifications of Corporate Tax self-assessments are not undue payments

Tax advisor: TEAC exempts taxpayer from paying tax on past interest on late payment of taxes

In two recent rulings, the Central Economic-Administrative Court (TEAC) has protected taxpayers who could face a tax regularization due to a recent Supreme Court ruling on the taxation of late payment interest. Specifically, this agency, which is part of the Ministry of Finance and Public Function, has determined that the tax authority cannot take advantage… Continue reading Tax advisor: TEAC exempts taxpayer from paying tax on past interest on late payment of taxes