Newsletter Finance and Tax | January 2022

2022-01-14T09:17:00
Spain

Tax update 4th Quarter 2021

Newsletter Finance and Tax | January 2022
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January 14, 2022

CORPORATE INCOME TAX (CIT)

> Central Economic and Administrative Tribunal resolution on capitalization reserve; application of amounts arising from previous fiscal years together with current year’s amount

> DGT and CNMV binding resolution relating to criteria for special regime for dissolving and liquidating SICAVs

> Spanish Supreme Court judgments on offsetting tax loss carryforwards

PERSONAL INCOME TAX (PIT)

> High Court of Justice of Catalonia judgment on application of exemption under article 7.p) of PIT Act to directors

> Judgment of the National High Court on application of exemption under 7.e) of PIT Act to compensation received by a senior manager in an unfair dismissal

WEALTH TAX

> DGT’s binding resolutions on calculating indirect participation to apply family business exemption

OTHER DEVELOPMENTS

> Constitutional Court judgment declaring unconstitutionality of articles determining method for calculating tax on increase in value of urban property

> Royal Decree-Law 26/2021, introducing amendments regarding regulation of tax on increase in value of urban property

> Tax measures for 2022

> Amendments introduced under Royal Decree-Law 29/2021

> Amendments introduced under Royal Decree-Law 27/2021

> Bill to promote startup ecosystem

> New developments regarding tax notifications by electronic means

> Multilateral amendment of tax agreements

> Proposals for directives on direct taxation

> New infringement proceedings against Spain over possible breach of EU law

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January 14, 2022