Exemption for severance requires proof that dismissal was real
Recent decision by the Central Economic-Administrative Tribunal (TEAC) accepts that tax auditors can examine the real legal nature of a dismissal.
The Peruvian Tax Administration (SUNAT) published a resolution that establishes the procedure, deadlines and conditions for submitting the Ultimate Beneficiary Informative Return
Legislative Decree No. 1372, whose regulation was approved through Supreme Decree No. 003-2019-EF, established that legal persons and legal arrangements have the obligation to inform SUNAT about the identity of their ultimate beneficiaries. Nonetheless, up until recently, SUNAT was pending to issue a resolution establishing the procedure, deadlines and conditions in order to comply with such obligation.
Tax Newsletter - July 2019 | Judgments
Tax Newsletter - July 2019 | Legislation
Tax Newsletter - July 2019 | Decisions
Tax Newsletter - July 2019 | Miscellaneous
A complete tax adjustment needs to cover statute-barred years also
Madrid High Court argues that a complete tax adjustment requires the tax authorities to include statute-barred years also, to avoid double taxation.
Tax Newsletter - July 2019 | Resolution Requests
Tax Newsletter - July 2019
The U.S. Senate gives the green-light to the Protocol to amend the tax treaty between Spain and the U.S.
After being stalled for a number of years by an objection raised by Senator Rand Paul, on July 16 the U.S. Senate issued the Resolution of advice and consent to ratification of the Protocol amending the tax treaty between Spain and the U.S., which brings a substantial improvement to the current tax treaty.
