Tributario

  • The new reporting obligation on intermediaries and relevant taxpayers for international transactions with potentially aggressive tax planning arrangements

    Council Directive (EU) 2018/822 (the Directive) of 25 May 2018 amending Directive 2011/16/EU as regards mandatory automatic exchange of information in the field of taxation in relation to reportable cross-border arrangements was published in the Official Journal on June 5.

  • Garrigues brings in Javier de la Vega as a partner to strengthen its team in Peru and its tax practice in Latin America

    Garrigues has strengthened it’s the Latin American tax practice by bringing in Javier de la Vega as a partner at the Lima office. Garrigues’ tax team in Latin America comprises seven partners and over 40 professionals, working from offices in Bogotá, Mexico City, Lima, Santiago de Chile and São Paulo.

  • Spain offers the most advantageous R&D&I tax incentives among OECD countries

    Experts agree that despite Spain’s highly favorable regulation, companies are not fully maximizing R&D&I tax incentives.

  • New book in the Garrigues Collection: ‘General Anti-Avoidance Rules in Spanish and European Tax Case Law’

    This week saw the publication (in Spanish) of General Anti-Avoidance Rules in Spanish and European Tax Case Law by tax partner Abelardo Delgado. 

  • Spain is set to eliminate in its Budget Law the “regionalization” of the Tax on Hydrocarbons

    The Bill for the 2018 General State Budget Law includes a measure which will eliminate the “regionalization” of the Tax on Hydrocarbons (IH), resulting in an increase in the rate of taxation at central government level. 

  • Overpayment caused by a failure to take tax relief gives rise to late-payment interest

    Tax Newsletter - March 2018

  • The European Commission launches its proposals for the taxation of the digital economy

    On March 21, 2018 the European Commission announced the submission of two legislative proposals to the European Council and the Parliament, with a view to ensuring the fair taxation of digital business activities in the EU.

  • The OECD and the European Union further shape their approaches to taxation of the digital economy

    On March 16, 2018, the OECD published an interim report addressing the tax challenges of the digital economy. This report, which, for the moment, highlights the absence of true international agreement on the matter, lays the groundwork for moving towards a consensus-based solution by 2020. In the meantime, the report cites the drawbacks of taking more immediate action (taxes on certain digital activities) and argues that any such measures should only be applied to a limited number of businesses.

  • The culture of compliance touches every area of a company

    The culture of compliance is being mainstreamed throughout all areas of companies. Companies’ growing concern for fulfilling the many legal requirements affecting their day-to-day activity increasingly calls for multidisciplinary legal advisory services encompassing different areas, such as criminal law, tax law and labor and employment. The objective is to mitigate, to the greatest extent possible, the potential risks of improper conduct within a company.

  • Supreme Court’s radical shift: formal breaches in special and excise taxes cease to be essential

    In its judgment of February 27, 2018, the Supreme Court analyzed whether the tax authorities could deny the application of a reduced rate or exemption in tax on oil and gas products where what is being challenged is not the use of the products but the breach of the formal requirements established by the Law and Regulations to be able to take those incentives.