Publications - Tax
TEAC concludes that awarded legal costs are only taxable for personal income tax purposes on the amount exceeding the actual cost of the lawsuit
The tribunal has contradicted the reiterated interpretation of the Directorate-General for Taxes (DGT), in line with the view supported by the Ombudsman in his Recommendation of July 18, 2017.
COVID-19 Special Newsletter - Spain | June 15 to June 30
Garrigues has been publishing this newsletter since March 23 in an effort to bring you all the regulatory matters that week in week out required particular attention by companies in every area of business law. Since the state of emergency is about…
COVID-19: Morocco extends the public health emergency through July 10th
Decree n° 2.20.406, published in the Official Gazette on June 9th, has extended the public health emergency through July 10th.
Tax Newsletter - May 2020
Spanish Supreme Court: Tax treaties cannot be interpreted from later model conventions and their commentaries if there are material differences between them
In a recent judgment delivered on March 3, 2020 (cassation appeal 5448/2018), the Supreme Court ruled on the limits of the interpretation of tax treaties in light of later versions of model conventions (and their commentaries) published by the OECD.
The Chilean IRS issues guidelines regarding new VAT on Digital Services
Law Nº 21,210 (the Tax Modernization Law) amended Decree-Law Nº 825 (the VAT Law), introducing a new set of services rendered by non-resident non-domiciled providers, among VAT taxable events.
COVID-19 Special Newsletter - Spain | June 1 to June 14
Preparation of financial statements and corporate income tax, recommencement of time periods, remote trials, gradual return to workplaces, insolvency proceedings and compliance with criminal law
DGT confirms that the VAT on agreed discounts may only be avoided if rent prices are renegotiated before they are payable
As we reported in our commentary dated April 11, 2020 (read here), in the current health crisis commercial lease agreements are being renegotiated due to force majeure.
COVID-19: Real estate tax (IBI) and tax on economic activities (IAE) reductions in Madrid
Madrid City Council plenary meeting approved on May 29, 2020 an amendment to the local tax laws on real estate tax and the tax on economic activities, to provide new reductions to both.
COVID-19: New measures changing the time period for preparation and approval of financial statements and their tax consequences
Royal Decree-Law 19/2020 states that the three-month time period for preparing financial statements and other documents required by law will start to run from June 1, 2020, and reduces the time period for approving financial statements to two months…
COVID-19: Morocco extends the public health emergency through June 10th
Decree n°2-20-371, published in the Official Gazette on May 19th, has extended the public health emergency through June 10th.
Shield 4.0 as the last part of the economic protection system during a pandemic
On May 20, 2020, the Polish government adopted the fourth and final package of anti-crisis solutions known as "Shield 4.0".