Tag: Supreme Court
The Supreme Court definitively resolves which regulation governs the deduction for new fixed assets in the Canary Islands
09/10/2024
The Supreme Court has concluded that the regulation governing the deduction for new fixed assets in the Canary Islands is Article 26 of the 1978 Corporate Income Tax Law and not, contrary to what the tax administration and majority jurisprudence have been defending, the 12th Additional Provision of the 1995 Tax Law. The Law 61/1978, […]
Supreme Court: The tax verification of statute-barred fiscal years cannot disregard the principle of full regularization
07/30/2024
The Spanish Supreme Court has concluded that when the Tax Administration verifies credits generated in prescribed fiscal years, it must do so in accordance with the principle of complete regularization. This means that if it rejects the deductibility of certain expenses, it must also eliminate the taxation of income linked to them. The Court also […]