Tax revenue loss on Corporate Income Tax returns AUTHOR: Susana Arroyo. Tax Manager at Bové Montero y Asociados   Corporate Income Tax (CIT) revenue for the current year shows a loss of around 2.3 billion euro, mainly due to refunds to be paid out to taxpayers. The substantial drop in the ability of CIT…

  Tax bias in dividends of multinational companies AUTHOR: Belén Fernández. Partner at Bové Monteros y Asociados   Eliminating the full exemption on dividends received by holding companies is a measure with a purely tax-raising purpose and no technical or fiscal reasonableness. The General State Budget for 2021 on which the Government is working is…

  RDL 19/2020: main commercial and tax changes   At Bové Montero y Asociados we summarise and analyse the main tax and commercial changes adopted in Royal Decree-law 19/2020, of 26 May 2020. These include changes to: Deadlines for preparing and approving annual accounts Filing annual accounts with the Commercial Register Deferring tax liabilities Filing…