In June, there were few tax innovations at the autonomous community level in Spain. At the European level, the Regulation (EU) 2023/1114 on crypto-asset markets stands out. At the state level, relevant regulations have been enacted: – Order HFP/583/2023 increases the limit exempt from guarantees in requests for deferral or fractionation of tax debts of… Continue reading Tax advisor: Tax news for June 2023
Tag: tax news
Tax advisor: Tax developments in administrative cooperation in the fiscal area and other tax regulations
Law 58/2003 of December 17, 2003, General Tax Law, following the guidelines of Council Directive (EU) 2021/514 of March 22, 2021, which alters Directive 2011/16/EU on administrative cooperation in the field of taxation, and other tax provisions, has been approved and is ready for its disclosure in the BOE and its implementation. The purpose of… Continue reading Tax advisor: Tax developments in administrative cooperation in the fiscal area and other tax regulations
Tax advisor: Tax innovations in the Startup Law
In recent times, we are familiar with the fact that tax and legislative updates usually imply an increase in the tax burden. However, the recent Law 28/2022, Startup Ecosystem Encouragement Law, also known as Startups Law, has introduced some welcome tax innovations. A startup is considered as such when it meets a series of criteria… Continue reading Tax advisor: Tax innovations in the Startup Law
Tax Advisor: Extension of the deductions in the Personal Income Tax of the Community of Madrid for 2023
Law 10/2023, of April 12th, which has been published in the Official Gazette of the Community of Madrid, has modified the Law of Madrid’s Assigned Taxes. The objective is to incentivize improvements in rental housing through the introduction of new deductions in the Personal Income Tax. New measures Among all the new measures we will… Continue reading Tax Advisor: Extension of the deductions in the Personal Income Tax of the Community of Madrid for 2023
Tax advisor: The bank certificate is sufficient to prove the loss due to the transfer of financial investments between related companies
The question that arises is the deductibility of losses due to the transfer of financial investments between related companies. The Administration has denied the deduction of the due to the bankruptcy of the related company, considering that the evidence provided by the plaintiff was insufficient. The Chamber considers that the subject matter of the appeal… Continue reading Tax advisor: The bank certificate is sufficient to prove the loss due to the transfer of financial investments between related companies
Tax advisor: Without business concealment, there is no simulation
According to the principles of the General Theory of Law, when a contract is entered into for a different purpose than the one normally attributed to it, a defect in the cause may arise. This situation can be divided into two types of contracts: those with a false cause, in which the parties do not… Continue reading Tax advisor: Without business concealment, there is no simulation
Tax advisor: The Supreme Court partially upholds the challenge on the derivations of joint and several liability of article 42.2 of the General Tax Act.
The Supreme Court ruled in appeal 3742/2021 on this matter. The objective was to establish whether, in cases in which a declaration of liability under article 42.2.a) of the General Tax Act is partially annulled by a court judgment, decreasing its scope, the tax administration has the obligation to issue a new declaratory act of… Continue reading Tax advisor: The Supreme Court partially upholds the challenge on the derivations of joint and several liability of article 42.2 of the General Tax Act.
Tax advisor: The correct benefit indicator to be computed in the Corporate Tax is the cost of personnel, being this the element that contributes the most added value to the final product
The Superior Court of Justice of Valencia has evaluated whether the valuation of the operations carried out by the Administration is correct, specifically in relation to the profit indicator used, which has been the cost of personnel. The appellant argues that the method of valuation of the net operating profit should be based on total… Continue reading Tax advisor: The correct benefit indicator to be computed in the Corporate Tax is the cost of personnel, being this the element that contributes the most added value to the final product
Tax advisor: Tax compensation for landlords who reduce the rent of their apartment by more than 5%.
The current text of the Housing Law sets a ceiling on rental prices and reduces from ten to five the number of properties needed to be considered a large owner. In addition, tax incentives for landlords are incorporated: in the case of rentals of regular housing in stressed areas, the reduction in Personal Income Tax… Continue reading Tax advisor: Tax compensation for landlords who reduce the rent of their apartment by more than 5%.
Tax advisor: The Beckham Law and the modifications in the Startups Law
The Beckham Law, or the special tax regime for workers posted to Spanish territory, has undergone several modifications with the so-called Startups Law in order to attract from abroad those entrepreneurs and talents who want to develop their practical function in Spain. To put in context, it is important to remember that the Beckham Law… Continue reading Tax advisor: The Beckham Law and the modifications in the Startups Law