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Tax advisor: Navarre extends VAT reduction on foodstuffs in 2023 due to conflict in Ukraine

On July 24, 2023, it has been made public in the Official Gazette of Navarra the enactment of the Foral Legislative Decree 4/2023, dated July 5, regarding tax harmonization. This decree establishes the extension of the reduction of the value added tax (VAT) rates applied to certain foodstuffs in the region. This measure was included… Continue reading Tax advisor: Navarre extends VAT reduction on foodstuffs in 2023 due to conflict in Ukraine

Tax advisor: 40% reduction on benefits from two or more pension plans

When receiving payments from different pension plans, the transition regime established in the tax regulations allows the reduction to be applied to such payments, as long as certain requirements are met. This transition regime can be applied to all amounts received in the form of a single payment (capital) in the year in which the… Continue reading Tax advisor: 40% reduction on benefits from two or more pension plans