STORIES

21 January, 2018

What you need to know about Spanish tax rulings

Share This:

There is no doubt that, in our current context, this is a best practice for tax prevention. Remember that, as Benjamin Franklin said, “in this world, nothing can be said to be certain except death and taxes”.

Tax rules have developed so complex that it becomes difficult for any taxpayer to gain security that their interpretation and further application is correctly done.

 

Spanish tax regulations provide for a procedure that permits taxpayers obtaining a binding resolution on how tax laws are to be interpreted in the taxpayer’s particular case.

 

Their main advantage is that the criterion established in their resolutions binds the Spanish tax authorities, thus implying that they will not be entitled to modify the taxpayer’s tax return filed based on the criteria they establish or impose any tax penalty, for so long as the facts are the same and the rules on which the resolution is based do not change.

 

 

 

✔ The process is essentially written and requires the taxpayer’s identification as well as a wide explanation of the taxpayer’s facts that give rise to the taxable event on which the question is being filed.

 

✔ The filing has to be done prior to the finalization of the term of the tax obligation about which the question is asked. It cannot be based on taxable events that are subject to review by the Spanish tax authorities.

 

✔ The organism in charge of resolving is the “Dirección General de Tributos – DGT (General Directorate of Taxes) depending from the Spanish Ministry of Finance.

 

The resolutions are made public, on a no –name basis, so that any taxpayer can gain knowledge of the interpretation criteria they include.

 

It is important to note that whenever a taxpayer follows the criteria of a DGT resolution, it shall be excluded from being imposed tax penalties in a tax audit process, if the circumstances are similar to those of the resolutions and the regulations in force are the same.

 

✔ Although the legal term to resolve is of six months as from the filing, in practice, this term may be extended to nine – twelve months on average. Consequently, it is important to plan that the resolution is obtained prior to the end of the voluntary term to file the tax return corresponding to the facts about which the question is filed.

 

There is no doubt that, in our current context, this is a best practice for tax prevention. Remember that, as Benjamin Franklin said, in this world, nothing can be said to be certain except death and taxes.

Share This:

CONTACT

MADRID
Pedro Teixeira 8, planta 4ª, 28020
T+34 91 192 21 22

MAP

BARCELONA
General Mitre 28-30 08017.
T+34 93 363 65 10

MAP

Based in Barcelona and Madrid. Englobally is our Latin American business partner established in Santiago de Chile.

We are also part of Englobally Group, an international association of independent accounting and advisory firms that provide a one-stop shop managed solution for accounting, payroll and HR needs, with member firms in over 25 countries and associates working in many others. Many fast growing technology and lifescience businesses find their international services invaluable. Companies in many other sectors are attracted by the close and supportive way Englobally Group works.

Name

E-mail

Message

Please type the code below

captcha

  • Este sitio web utiliza Cookies de terceros y de análisis, para recopilar información con la finalidad de mejorar nuestros servicios, así como para analizar sus hábitos de navegación. Si continúas navegando, supone que aceptas expresamente la instalación de las mismas. Tienes la posibilidad de configurar tu navegador pudiendo, si así lo deseas, impedir que sean instaladas en tu dispositivo, aunque deberás tener en cuenta que dicha acción podrá ocasionar dificultades de navegación de la página web.

  • De conformidad con lo establecido en la normativa vigente en materia de Protección de Datos de Carácter Personal, le informamos que sus datos serán incorporados al sistema de tratamiento titularidad de PROFESSIONAL BOOKKEEPING SERVICES S.L. con CIF B59830638 y domicilio social sito en RONDA DEL GENERAL MITRE 28 08017, BARCELONA, con la finalidad de atender sus consultas. En cumplimiento con la normativa vigente, PROFESSIONAL BOOKKEEPING SERVICES S.L. le informa que sus datos serán conservados durante el plazo estrictamente necesario para cumplir con las acciones mencionadas con anterioridad.

    Salvo comunicación contraria por su parte, entenderemos que sus datos no han sido modificados, que usted se compromete a notificarnos cualquier variación respecto de los mismos, y que usted da su expreso consentimiento para que PROFESSIONAL BOOKKEEPING SERVICES, S.L. utilice los mencionados datos para las finalidades mencionadas.

    PROFESSIONAL BOOKKEEPING SERVICES S.L. le informa que procederá a tratar los datos de manera lícita, leal, transparente, adecuada, pertinente, limitada, exacta y actualizada. Es por ello que PROFESSIONAL BOOKKEEPING SERVICES S.L. se compromete a adoptar todas las medidas razonables para que estos datos se supriman o rectifiquen sin dilación cuando sean inexactos.

    De acuerdo con los derechos que le confiere la normativa vigente en materia de protección de datos podrá ejercer los derechos de acceso, rectificación, limitación de tratamiento, supresión, portabilidad y oposición al tratamiento de sus datos de carácter personal, así como del consentimiento prestado para el tratamiento de los mismos, dirigiendo su petición a la dirección postal indicada más arriba o al correo electrónico info@pbs.es.

    Podrá dirigirse a la Autoridad de Control competente para presentarla reclamación que considere oportuna.

    El envío de estos datos, implica la expresa aceptación de esta cláusula.

  • Pursuant to current Personal Data Protection Regulations, you are hereby informed that your data will be included in a processing system owned by PROFESSIONAL BOOKKEEPING SERVICES S.L. with Tax ID No. B59830638, with its registered address at RONDA DEL GENERAL MITRE 28, 08017 BARCELONA (SPAIN), in order to deal with your questions and requests. In compliance with current regulations, PROFESSIONAL BOOKKEEPING SERVICES S.L. hereby informs you that your data will be kept for as long as is strictly necessary to complete the aforementioned action.

     

    Unless otherwise stated, we will consider that your data have not been modified, that you undertake to inform us of any modifications thereto, and that you give your express consent for PROFESSIONAL BOOKKEEPING SERVICES, S.L. to use said data for the specified purposes.

     

    PROFESSIONAL BOOKKEEPING SERVICES S.L. informs you that it will proceed to process your data in a lawful, loyal, suitable, relevant, limited, exact and updated manner. Therefore, PROFESSIONAL BOOKKEEPING SERVICES S.L. undertakes to apply all reasonable measures to ensure that any incorrect data are deleted or corrected without delay.

     

    According to the rights granted to you under current data protection regulations, you will be entitled to exercise your rights of access, rectification, limitation on processing, suppression, portability or opposition regarding the processing of your personal data and your consent to the same, by addressing a written request to the postal address provided above or to the email address info@pbs.es.

    By sending these data, you are expressly accepting this clause.