Sports & Entertainment Magazine - June 2024
Magazine of the Sports & Entertainment industry corresponding to the last quarter focusing on tax and legal matters of interest.
CSRD Directive: The CEAOB has prepared draft guidelines on limited assurance engagements in respect of sustainability reporting
The draft of these non-binding guidelines, prepared by the Committee of European Auditing Oversight Bodies (CEAOB) and subject to public consultation until July 22, 2024, addresses important aspects such as the processes necessary to understand and…
Landmark ruling on sovereign inmunity: the Central Santa Lucía vs. Meliá case
The Provincial Court of Palma de Mallorca has ruled out that Spanish courts can decide the proceedings between the US company Central Santa Lucía against Meliá Hotels International, the Republic of Cuba and the Cuban company Grupo de Turismo Gaviota…
Portugal: Temporary residence permits based on “expression of interest” are no longer admitted
From 4 June 2024, onwards, foreign citizens will no longer be able to apply for a temporary residence permit on the basis of an expression of interest. They will also no longer be able to apply for temporary residence permits for independent…
Spain: The General Directorate of Taxes (DGT) clarifies that capital reductions with return of contributions have no impact on the capitalization reserve
En contra del criterio que venían manteniendo algunos tribunales económico-administrativo regionales y la DGT, se concluye ahora que, si las aportaciones a los fondos propios no se tienen en cuenta para computar el incremento de los fondos propios…
Latin America Labor & Employment Law Newsletter - June 2024
In this newsletter, we analyze the labor and employment market in Latin America and compile the most relevant legal updates in this area in Chile, Colombia, Mexico, and Peru.
Reduction of working hours: a global trend reaching Latin America
The reduction of working hours has been a key issue on the legislative agenda worldwide in recent years, and Latin America is no exception. While countries like Chile are already reducing the workweek from 45 to 40 hours and Colombia from 48 to 42,…
Fighting against child labor in the world: Spanish companies’ obligations to eradicate it
On the World Day against Child Labor, we review the obligations that companies in Spain must comply with to eradicate child labor in the world. These measures translate into reporting duties on their own personnel and those of the companies in their…
Tax Newsletter - May 2024
We analyze the main news, judgments, resolutions and regulations in the latest issue of the Tax Newsletter.
The clock starts ticking for companies following approval of the corporate sustainability due diligence directive
The EU act setting out companies’ obligations in relation to the human rights and environmental impacts of their activities is already a reality. Companies are now well advised to familiarize themselves fully with the obligations, and especially,…
Chile: Approval of Significant Changes in Recognition and Compensation of Energy Storage Systems and Hybrid Plants
A methodology has been introduced to evaluate and recognize the power capacity of stand-alone energy storage systems, and the availability of data and studies has been improved to accurately identify peak hours that determine the calculation and…
China: Dealing with the future tax administration on enjoying treaty benefit for preferential tax rate on dividends
Under China's tax laws, non-resident companies generally face a 10% tax on China-sourced dividends, but avoidance of Double Taxation Treaties with countries like Spain or France can reduce this to 5% if specific conditions are met. These companies…
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