Tax issues to be considered in the liquidation of a company
201904.18
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Tax issues to be considered in the liquidation of a company

The dissolution and liquidation of a company is not fiscally neutral, that is, it can have important consequences for the partners of the company. The following are the main fiscal aspects to be taken into account at the time of the liquidation of the company: Aspects to the liquidation of a company If the real…

Modifications in the law of capital companies
201901.18
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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
201901.14
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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…