Brazilian companies can compensate their shareholders both with dividends or paying interest on equity (“juros”). The former is, under certain conditions set out in the Federal Law 9249 of December 26, 1995, deductible for the […]
Read MoreThe new rules for Corporation Income Tax (“CIT”) in Spain disallow the deduction of losses resulting from the sale of shares when the tax payer has received tax exempt dividends within a determined look-back […]
Read MoreForeign traders often follow the business model consisting in storing goods in a warehouse located in Spain and operated by a third party, like a logistic company, for delivery to their Spanish clients. The sales […]
Read MoreThe tax Bill proposed by the Government last week has finally put an end to one of the more ominous tax rules of the entire Spanish Tax system, the exit tax in Spain for home […]
Read MoreThe Spanish tax system overhaul planned by the group of experts entrusted by the Spanish Government greatly affects the structure of the Personal Income Tax, which affects individuals resident in Spain for tax purposes. These […]
Read MoreSpain is well known to be a high tax jurisdiction, basically due to the fact that the both the Corporations Income Tax (“CIT”) and Personal Income Tax (“PIT”) have very high tax rates (30 % […]
Read MoreWith effect January 1st, 2013 the Patent Box in Spain was modified. Thus, the tax treatment of income from certain intangible assets, regulated in Article 23 of the Corporation Tax Act is going to be […]
Read MoreAccording to a recent press release of the European Commission, it has decided to refer Spain to the EU’s Court of Justice for discriminatory real estate tax rules that prevent non-residents from enjoying the same tax benefits as […]
Read MoreCapital gains obtained by non residents on the sale of urban property bought between May 12, 2012 and December 31, 2012 shall enjoy a tax exemption amounting 50 % of said capital gain. For this […]
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