Spain Tax News
Heavy restrictions on capital movements enter into force
Netherlands Supreme Court: Reinvestment reserve taxable in Netherlands also if a company had its place of effective management in Luxembourg at time of sale of immovable property located in Netherlands
Treaty between Spain and Argentina – details
Treaty between Spain and United Kingdom – details
Measures to support entrepreneurship approved
New criminal legislation on tax fraud entered into force
Treaty between Netherlands and Spain – mutual agreement on application of treaty to investors in Dutch closed fund for mutual account
Treaty between Cyprus and Spain signed
Government Council adopts amendment to exit tax provisions on capital gains to implement National Grid Indus decision
Treaty between United States and Spain – text of protocol and MOU released
Budget for 2013 – approved
Court of First Instance Bruges decides that non-deductible part of the foreign dividend deduction can be included in loss carry-forward
Supreme Court: Business merger facility not applicable to contribution to subsidiary followed by subsequent contribution to grant daughter company of all assets except a business building
New Law to prevent and fight tax fraud published
Netherlands Supreme Court: Spanish parent company entitled to refund of dividend withholding tax
Protocol to treaty between India and Spain signed
Budget and other tax measures for 2013
General Directorate of Taxes clarifies new interest deduction limits
Measures to guarantee balanced budget and promote competitiveness published – Details
Treaty between Argentina and Spain – terminated by Argentina
Treaty between Spain and Ireland – Spanish Administrative Tribunal considers commission agent acting in his own name as PE
Netherlands Supreme Court decides that Dutch thin capitalization provisions in the case of financing companies are not incompatible with ICCPR and ECHR
Treaty between Germany and Spain enters into force
Budget for 2012 enacted
Measures to combat tax fraud sent to parliament
Court of First Instance Leuven decides that fine imposed by European Commission due to violation of EC competition law is not deductible
Supreme Court decides interest paid on debt-claim towards low-taxed group company resulting from transfer of immovable property not deductible
New forms, procedures and stipulated periods to submit CIT and non-residents tax returns (regarding PEs) approved
Tax Agreement between Hong Kong and Spain enters into force
Tax amendments for 2012 approved
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