Amendment of the General Taxation Law
On September 22, 2015, Law 34/2015, of September 21, 2015, partially amending General Taxation Law 58/2003, of December 17, 2003 was published in the Official State Gazette. It will enter into force, in general, twenty days after its publication in the Official State Gazette, i.e., on October 12, 2015.
With this reform, lawmakers intend to bolster the legal certainty of taxpayers and tax authorities, reduce the potential for litigation, prevent tax fraud and increase the efficiency of tax management, inspection and collection by the tax authorities.
The following are the principal new features of Law 34/2015, which mainly affect the General Taxation Law (the “LGT”), but also the Judicial Review Jurisdiction Law, the Criminal Procedure Law and the Corporate Income Tax Law.