TEAC establishes precedent: refunds from rectifications of Corporate Tax self-assessments are not undue payments
Tag: Tax Law
Important Changes in UK Tax Legislation Announced in the Spring Budget
The recent announcement by the Chancellor in the context of the spring budget has marked a significant milestone in the field of international taxation in the UK, with substantial changes to the rules regarding tax domicile. This change, seemingly stemming from policies proposed by the Labour Party, constitutes a long-debated revision regarding the tax domicile… Continue reading Important Changes in UK Tax Legislation Announced in the Spring Budget
Tax advisor: Change of criteria in the Spanish impatriate regime: employment income resulting from the shares granted to employees but generated prior to the transfer to Spanish territory is not subject to taxation in Spain
The General Directorate of Taxes, in its recent binding consultation V0813-23, dated April 5, 2023, sets forth a new criteria for taxpayers under the impatriate regime, with respect to the taxation of long-term remuneration programs granted before moving to Spanish territory (Share Incentive Plans, Performance Shares¸ Stock Options, etc.). In the following, we will summarize… Continue reading Tax advisor: Change of criteria in the Spanish impatriate regime: employment income resulting from the shares granted to employees but generated prior to the transfer to Spanish territory is not subject to taxation in Spain
Tax advisor: The contribution of the shareholders to the 118 Account of the General Accounting Plan: Recommended from a tax perspective?
The 118 Account is a useful accounting instrument for companies that need to solve financial or treasury problems when financing specific projects. However, it is common that shareholders choose this form of financing without understanding the true nature of this business. The purpose of this article is to clear up any doubts that may arise… Continue reading Tax advisor: The contribution of the shareholders to the 118 Account of the General Accounting Plan: Recommended from a tax perspective?