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Analysis of legislative and case law developments that, due to their impact on business and society, require more in-depth treatment.
The Direction issued by the DGRN on February 5, 2018, takes a highly practical approach to the initial steps to be taken in arranging an AEP and, above all, clarifies some uncertainties that have previously frustrated the refinancing process.
Business secrets are one of the most important intangible assets of companies, particularly in the context of the digital economy. Until now, however, the legal protection afforded them was fairly limited and was normally relegated to the contractual sphere.
On February 10, 2018, the Official State Gazette published Royal Decree 62/2018, of February 9, 2018, amending the Regulations on the funding of companies’ pension commitments with workers and beneficiaries, approved by Royal Decree 1588/1999, of October 15, 1999, and the Pension Plan and Fund Regulations, approved by Royal Decree 304/2004, of February 20, 2004.
The Plenary Session of the Consell de Mallorca, on January 26, 2018, has approved, initially and subject to certain procedures, the provisional delimitation of areas suitable for the commercialization of tourist stays in dwellings for residential use in Mallorca, in accordance with the provisions set forth in of Law 6/2017, July 31, of modification of the Law on tourism in the Balearic Islands, regarding the commercialization of tourist stays in dwellings, and Decree law 3/2017, August 4, of modification of the Law on tourism in the Balearic Islands, and of measures to face the emergency in dwelling matters in the Balearic Islands.
The middle of January was marked by the entry into force of Royal Decree 2/2018, of January 12, 2018, implementing the obligation of professional football clubs to aid in developing sports, as envisaged in article 6 of Royal Decree-Law 5/2015, on the obligations of the clubs participating in the National Championship League to aid in developing and fostering sports.
The Official State Gazette of December 30, 2017 published Royal Decree-Law 20/2017, of December 29, 2017, extending and approving various tax measures and other urgent employment- and social security-related measures (the “Measures Royal Decree-Law”), which, inter alia, revises the elements of tax law that are traditionally amended by the Budget Law and, due to starting to apply on January 1, 2018, needed to be approved urgently. This new piece of legislation entered into force on the date it was published, i.e. December 30, 2017.
The Official State Gazette (BOE) of December 30 published four royal decrees amending the implementing regulations for the General Taxation Law (LGT). The stated objective of the amendments to these Regulations, which come into force (generally, with the exceptions described below) on January 1, 2018, is to combat tax fraud, simplify tax law relationships, increase the tax authorities’ efficienc, strengthen legal certainty, and reduce the number of legal disputes.
At its meeting held on December 5, 2017, the Economic and Financial Affairs Council of the European Union (ECOFIN) approved its conclusions on taxation of the digital economy in the EU. These conclusions are part of the broader objective of the Digital Single Market Strategy for Europe, and are aimed at guiding the legislative proposals which, in relation to taxation at least, the European Commission will have to put forward by early 2018. In this same context new VAT rules on e-commerce were approved.
The State Budget for 2018 was published today, introducing legal changes on employment and Social Security matters. For further information, please click on the link above.