The 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 MoreIn a recent landmark judgment, the Spanish Supreme Court (Justice Emilio Frias) has ruled that European Union Companies selling their shareholding in Spanish companies are entitled to apply the underlying tax credit to reduce their […]
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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