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Publications - Tax

  • 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.

  • DIAN issues a reminder of the mandatory deadlines for renewing the registration of not-for-profit entities for the purposes of the Special Tax Regime

    The Directorate of National Taxes and Customs (DIAN) recently issued a reminder to taxpayers of the deadlines - established in Decree no. 2442 of December 27, 2018 issued by the Ministry of Finance - by which not-for-profit entities (ESAL) and…

  • SIMPLEX + program approves new invoicing rules

    Decree-Law no. 28/2019, of 15 February, was officially published, within the framework of the SIMPLEX + program, in order to promote the dematerialisation and reduce over-bureaucratisation in the emission and archiving of invoices, namely,…