Modifications in the law of capital companies
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Modifications in the law of capital companies

Law 11/2018, of December 28, modifies the content of the Capital Companies Act, the Commercial Code and the account auditing law. The most significant modifications are the following: Modifications in the law of capital companies Modification in the accreditation of the reality of the contributions This new wording implies that, as of the date, it…

Penalty in related transactions without obligation of information
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Penalty in related transactions without obligation of information

Corporate Tax taxpayers have the obligation to value the transactions done between related parties at the market value. Non-compliance with these evaluation rules was subject to a specific sanctioning regime regulated in article 16.10 of the Income Tax Law (“Real Decreto Legislativo” 4/2004) that establishes the penalties to be applied when the documents are not…