The higher court has established as a criterion that, in cases of capital reduction with forgiveness of passive dividends before their enforceability, the economic value for calculating the Taxable Base of the Property Transfer Tax and Documented Legal Acts (ITPyAJD) in corporate operations is considered null. Taxable Base in Capital Reduction: Legal Analysis and… Continue reading Tax advisor: The Supreme Court sets the Taxable Base of ITPyAJD at zero in corporate operations due to the forgiveness of non-enforceable dividends
Tag: Legal Criteria
Tax advisor: The Spanish Tax Authorities warn about the legal uncertainty caused by the continuous change in the Supreme Court´s criteria
The doctrine of the Supreme Court establishes, since January of this year, that late payment interest related to improper income refunds are subject to taxation in the Personal Income Tax (IRPF) and are included in its general base as non- transferable capital gain. A ruling by the Supreme Court has thus modified the doctrine established… Continue reading Tax advisor: The Spanish Tax Authorities warn about the legal uncertainty caused by the continuous change in the Supreme Court´s criteria