TAX NEWS

How an analysis of the value chain is able to benefit a company?

The value chain shows, separately, each action carried out by a company within the framework of its core activities. A value chain can include two types of activities according to their involvement in the development of the main company’s activity. These are primary and support activities. Primary activities are those…

Transfer Pricing treatment in the transactions between the professional shareholders and their companies

This note was outlined as a consequence of the result of two sentences of 2017, which show the position of the Spanish Courts in cases related to the transactions between artists and its companies. Firstly, is important to mention the law that regulates the related transactions regarding the shareholders (professionals)…

Is a “proforma” invoice valid for the VAT deduction? Binding tax ruling V2825/2017

On the basis of the provision set in the article 97 of the Spanish VAT Act, the deduction of the input VAT by a taxpayer is possible when it is in possession of the document supporting its right, which is only the original invoice complying with the formal requirements established…

The Transfer Pricing adjustment does not impact on the customs value of imported goods. Judgment of the European Court of Justice of December 20th, 2017

The European Court of Justice published in December 20, 2017 a sentence (case C-529/16) that decouples the prices agreed between related entities and the customs value declared. This relation was proposed by the World Trade Organization by 2015, through the publication of the Customs Valuation and Transfer Pricing Guide. This…