Tributario
Awarded judicial costs are only taxable over and above the cost of the fees of a lawyer and court procedural representative
A decision by Murcia Regional Economic Administrative Tribunal (TEAR) concluded that the capital gain obtained from collecting the legal costs received by the successful party in a lawsuit must be calculated by reducing the received indemnification by the fee expenses paid.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 sale of invoices to justify simulated transactions in Mexico.International Tax Review names Garrigues Tax Firm of the Year in Spain and Portugal
Garrigues has been doubly recognized as Tax Firm of the Year in Spain and Portugal. The firm collected the honors bestowed by International Tax Review (ITR) at the European Tax Awards held yesterday in London. These prestigious annual awards reward excellence in tax matters by European firms. The firm also picked up a third award for its participation in Blackstone’s acquisition of the real estate assets of Banco Popular, listed by ITR as Impact Deal of the Year.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 from a sample to support the arm’s length nature of intragroup prices.