Companies frequently use the assets that they produce or buy in their normal operations for their own use. In such cases, these assets must be recorded and treated as fixed assets, rather than as inventory […]
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 MoreThe Government has proposed a new bill, which will come into force retroactively as from January 1st, 2013, which will disallow the deduction of Impairment losses of investments in subsidiaries, once passed by the Parliament. […]
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