Publications - Tax
Tax Newsletter - June 2019
The Spanish tax authorities open the public comment phase of the transposition of the EU Directive on administrative cooperation in the field of taxation (DAC 6)
On Thursday, June 20, 2019, the State Tax Agency published the regulatory texts, proposed by the Directorate-General of Taxes, transposing into Spanish law Council Directive (EU) 2018/822 of 25 May 2018 as regards mandatory automatic exchange of…
Tax Newsletter - May 2019
The European Commission initiates an infringement proceeding against Spain due to form 720
On Thursday, June 6, 2019, the European Commission decided to refer Spain to the Court of Justice of the European Union for “imposing disproportionate penalties on Spanish taxpayers for the failure to report assets held in other EU and EEA…
Mexico puts an end to tax amnesties
The Official Journal of the Federation has published a decree annulling the remission of taxes owed by tax debtors.
Mexico establishes new penalties for taxpayers that issue tax receipts to justify simulated transactions
On May 16, 2019, the government published in the Official Journal of the Federation the Decree reforming article 113.III and adding an article 113.bis to the Federal Tax Code, in order to reinforce the measures being taken against the purchase and…
Transfer pricing: it is not correct to adjust results to the median when there are no comparability defects
In a particularly significant judgment on the subject of transfer pricing handed down on March 6, 2019, the National Appellate Court concluded on economic comparability analyses, and in particular, on selection of the point in the range of values…
Tax Newsletter - April 2019
Supreme Court confirms discriminatory tax treatment to non-Spanish resident mutual funds
In a judgment dated March 27, 2019, the Supreme Court established that the justification for restrictions on the movement of capital may only be held valid if set out in the law.
Tax Newsletter - March 2019
PTA clarifies some amendments introduced by the SIMPLEX + Program
Ruling no. 30211, of 15 March, was disclosed by the Portuguese Tax Authorities, clarifying the extension of some amendments introduced in the Portuguese VAT Code by the Decree-Law no. 28/2019, of 15 February, under the SIMPLEX + Program.
The stamp tax base on mortgage loan modifications is limited to the value of the modified aspect
Certain novations of mortgage loans are exempt from stamp tax, particularly those cases where only the interest rate and/or the repayment period are modified. However, where other financial clauses are amended, stamp tax does apply.