Publications - Tax
Tax Newsletter - June 2020
Spanish Constitutional Court publishes the judgment holding unconstitutional Royal Decree-Law 2/2016 in its entirety
On July 7 access was given to the complete wording of the constitutional court judgment, of July 1, 2020, holding unconstitutional,null and void Royal Decree-Law 2/2016 in its entirety due to breaching the substantive boundaries that cannot be…
DAC6: the Council of the European Union allows member states to extend the time limits for the filing and exchange of information
To address the impact of the health crisis, on June 24, 2020 the Council of the European Union approved Directive 2020/876/EU, amending the time limits for the filing and exchange of information set out in Council Directive 2011/16/EU (DAC6).
COVID-19: New postponement in the fulfillment of VAT obligations in Portugal
The Portuguese Government has approved new extensions of the tax deadlines to comply with VAT obligations, by Order no. 229/2020-XXII, of 24 June, that can may be fulfilled without the application of any penalties:
COVID-19: Tax credit for technological innovation in automation is increased and unrestricted depreciation is permitted for assets related to electric mobility
The June 24 edition of the Official State Gazette published Royal Decree-Law 23/2020, of June 23, 2020, approving measures for economic recovery in the field of energy and in other areas.
Tax Measures of Supplementary Budget Bill for 2020 in Portugal
The Portuguese Government presented a Supplementary Budget Bill for 2020 that includes several tax measures. The Supplementary Budget Bill will now enter a phase of parliamentary discussion to arrive to a final text by 3 of July.
COVID-19 Special Newsletter - Spain | June 15 to June 30
Garrigues has been publishing this newsletter since March 23 in an effort to bring you all the regulatory matters that week in week out required particular attention by companies in every area of business law. Since the state of emergency is about…
TEAC concludes that awarded legal costs are only taxable for personal income tax purposes on the amount exceeding the actual cost of the lawsuit
The tribunal has contradicted the reiterated interpretation of the Directorate-General for Taxes (DGT), in line with the view supported by the Ombudsman in his Recommendation of July 18, 2017.
COVID-19: Morocco extends the public health emergency through July 10th
Decree n° 2.20.406, published in the Official Gazette on June 9th, has extended the public health emergency through July 10th.
Tax Newsletter - May 2020
Spanish Supreme Court: Tax treaties cannot be interpreted from later model conventions and their commentaries if there are material differences between them
In a recent judgment delivered on March 3, 2020 (cassation appeal 5448/2018), the Supreme Court ruled on the limits of the interpretation of tax treaties in light of later versions of model conventions (and their commentaries) published by the OECD.
The Chilean IRS issues guidelines regarding new VAT on Digital Services
Law Nº 21,210 (the Tax Modernization Law) amended Decree-Law Nº 825 (the VAT Law), introducing a new set of services rendered by non-resident non-domiciled providers, among VAT taxable events.