The Constitutional Court has declared the unconstitutionality of various provisions contained in the Corporate Income Tax Law, which restricted the offsetting of negative taxable bases, as well as deductions to prevent double taxation, and also required the reversal of losses from depreciated holdings previously deducted in prior fiscal years. These measures, incorporated through Royal Decree-Law… Continue reading Scope of the Constitutional Court’s Judgment Declaring Partial Annulment of Royal Decree-Law 3/2016
Tag: tax regulations
Tax advisor: Regulation for the Modernization of Invoicing Systems in Spain
The regulation, approved by Royal Decree 1007/2023 and published in the Official State Gazette on December 6, establishes requirements for computer systems in invoicing processes. Its main purpose is to standardize the formats of invoicing records, in compliance with Law 11/2021 against tax fraud. It aims to ensure the uniformity of invoicing systems, prevent the… Continue reading Tax advisor: Regulation for the Modernization of Invoicing Systems in Spain
Tax advisor: The General Court of the European Union annuls the decision of the European Commission that declared illegal the deduction regime for indirect acquisitions in non-resident companies
The General Court of the European Union, in five judgments on September 27 th , 2023, related to cases T-826/14, T-12/15, T-158/15 and T-258/15 (consolidated), T- 252/15 and T-257/15 (consolidated), T-253/15 and T-256/15 and T-260/15 (consolidated), annuls Commission Decision (EU) 2015/314 of October 15 th , 2014, concerning state aid granted by Spain in the… Continue reading Tax advisor: The General Court of the European Union annuls the decision of the European Commission that declared illegal the deduction regime for indirect acquisitions in non-resident companies
Tax advisor: When to challenge the Temporary Solidarity Tax on Large Fortunes to obtain a tax refund?
The Wealthiest Citizens Have Already Paid the Temporary Solidarity Tax on Large Fortunes, especially in Madrid, which has contributed 89% of the total revenue. Most have followed the unanimous advice of tax experts: make the payment and then file an appeal. However, here arises a delicate issue: When is it appropriate to challenge the wealth… Continue reading Tax advisor: When to challenge the Temporary Solidarity Tax on Large Fortunes to obtain a tax refund?
Tax advisor: Bizkaia makes modifications to its Tax Regulations affecting Personal Income Tax, Corporate Income Tax and Tax Management Regulations
The Official Gazette of Bizkaia of July 10, 2023, published the FORAL DECREE 78/2023, of July 4, 2023, issued by the Provincial Council of Bizkaia. This decree introduces modifications in the Regulation of formal tax obligations, as well as in the regulations of Personal Income Tax, Corporate Income Tax and the Regulation of Tax Management… Continue reading Tax advisor: Bizkaia makes modifications to its Tax Regulations affecting Personal Income Tax, Corporate Income Tax and Tax Management Regulations
Tax advisor: Modification of the LGT, the LIVA, the LIS and other tax regulations
On 25 May 2023, Law 13/2023 has been published in the BOE , of May 24, which amends the General Tax Law (LGT) to transpose Council Directive (EU) 2021/514 in relation to administrative cooperation in the field of taxation, together with other tax regulations. Specifically, this regulation introduces changes to the Value Added Tax Law… Continue reading Tax advisor: Modification of the LGT, the LIVA, the LIS and other tax regulations