## [Tax Newsletter - June 2018](/en_GB/new/tax-newsletter-june-2018) # Tax Newsletter - June 2018 Spain - 06 / 28 / 2018 - - [](https://www.linkedin.com/sharing/share-offsite/?url=https://www.garrigues.com/en_GB/new/tax-newsletter-june-2018) - []() - []() Previous Next ![](/sites/default/files/noticias/img/newsletter_tributario_junio_2018.jpg) ## [**Spanish penalties for infringement of anti-money laundering are not proportionate**](http://www.garrigues.com/en_GB/new/spanish-penalties-infringement-anti-money-laundering-are-not-proportionate) Spanish law requires individuals to report the cash they take out of the country across the border. The penalties for failure to do so can be up to twice the unreported amount. According to the European Court (CJEU), the penalty is disproportionate. [**KEEP READING**](http://www.garrigues.com/en_GB/new/spanish-penalties-infringement-anti-money-laundering-are-not-proportionate) ### [**Case Law**](http://www.garrigues.com/en_GB/new/tax-newsletter-june-2018-case-law) - **Corporate income tax.-** Interest on the portion of a loan equal to a net equity deficiency from earlier departure of shareholders is not deductible - **Inheritance and gift tax.-** If an heir dies without accepting an inheritance one taxable event occurs - **Inheritance and gift tax.-** The tax authorities may not audit the value of real estate if it is the value published by the tax authorities - **Capital duty.-** Tax may not be refunded after “change of mind ” over resolved dissolution - **Administrative procedure.-** Screenshots of the electronic notice are allowable as evidence of the notice date - **Tax procedure.-** Tax paid to avoid criminal liability may not be refunded.Impuesto sobre Sociedades. [**VIEW MORE**](http://www.garrigues.com/en_GB/new/tax-newsletter-june-2018-case-law) ### [**Judgments, decisions and rulings**](http://www.garrigues.com/en_GB/new/tax-newsletter-june-2018-judgments-decisions-and-rulings) - **Corporate income tax.-** Shareholders resident in tax havens not allowed to elect neutrality rules - **Nonresident income tax.-** Nonresidents may not apply the timing of recognition rule to forward transactions - **Transfer and stamp tax.-** Stamp tax has to be paid on excess amounts allocated in dissolution of joint property entity even if the awarded asset is indivisible - **Collection procedure.-** To hold the main debtor in default the tax authorities must determine whether there are immediately realizable assets [**V****IEW MORE**](http://www.garrigues.com/en_GB/new/tax-newsletter-june-2018-judgments-decisions-and-rulings) ### [**Legislation**](http://www.garrigues.com/en_GB/new/tax-newsletter-june-2018-legislation) - Finland-Spain tax treaty published - Form 179 for “Information return on homes loaned for tourism purposes” approved [**VIEW MORE**](http://www.garrigues.com/en_GB/new/tax-newsletter-june-2018-legislation) [Tax](/en_GB/tags/tax) ### Contact ![Eduardo Abad Valdenebro - Garrigues](/sites/default/files/styles/medium/public/team/photo/Eduardo_Abad_Valdenebro_en_20260611.jpg?itok=XJmuqiG8) [Eduardo Abad](/en_GB/team/eduardo-abad-valdenebro) ![](/themes/custom/garriguestheme/img/iconos/email-contacto.svg)[Contact]() - +34 91 514 52 00 [Madrid](https://www.garrigues.com/en_GB/office/madrid) [Find more professionals](../team) ### Related services - [Tax ](/en_GB/services/tax) - ## Find a publication - [Administrative and Constitutional Law](/en_GB/markdownify/node/6256?f%5B0%5D=service%3A1422) - [Agribusiness and Food](/en_GB/markdownify/node/6256?f%5B0%5D=service%3A1417) - [Automotive](/en_GB/markdownify/node/6256?f%5B0%5D=service%3A1419) - [Banking and Finance](/en_GB/markdownify/node/6256?f%5B0%5D=service%3A1443) - [Corporate and M&A](/en_GB/markdownify/node/6256?f%5B0%5D=service%3A1441) - [Corporate Governance and Sustainable Development](/en_GB/markdownify/node/6256?f%5B0%5D=service%3A12823) - [Criminal Law and Internal Investigations](/en_GB/markdownify/node/6256?f%5B0%5D=service%3A1434) - [Data Economy, Privacy and Cybersecurity](/en_GB/markdownify/node/6256?f%5B0%5D=service%3A10913) - [Dispute Resolution: Litigation and Arbitration](/en_GB/markdownify/node/6256?f%5B0%5D=service%3A1412) - [Energy](/en_GB/markdownify/node/6256?f%5B0%5D=service%3A10916) - [EU and Antitrust Law](/en_GB/markdownify/node/6256?f%5B0%5D=service%3A1416) - [Family Business](/en_GB/markdownify/node/6256?f%5B0%5D=service%3A1413) - [Fashion Law](/en_GB/markdownify/node/6256?f%5B0%5D=service%3A1435) - [Financial Regulation](/en_GB/markdownify/node/6256?f%5B0%5D=service%3A10915) - [G-advisory](/en_GB/markdownify/node/6256?f%5B0%5D=service%3A12821) - [Human Capital Services](/en_GB/markdownify/node/6256?f%5B0%5D=service%3A1431) - [Infrastructure](/en_GB/markdownify/node/6256?f%5B0%5D=service%3A10914) - [Insurance](/en_GB/markdownify/node/6256?f%5B0%5D=service%3A1438) - [Intellectual Property](/en_GB/markdownify/node/6256?f%5B0%5D=service%3A1421) - [Labor and Employment](/en_GB/markdownify/node/6256?f%5B0%5D=service%3A1424) - [Life Sciences and Healthcare](/en_GB/markdownify/node/6256?f%5B0%5D=service%3A1429) - [Media and Entertainment](/en_GB/markdownify/node/6256?f%5B0%5D=service%3A1433) - [Planning, Zoning and Environment](/en_GB/markdownify/node/6256?f%5B0%5D=service%3A1444) - [Private Equity](/en_GB/markdownify/node/6256?f%5B0%5D=service%3A1439) - [Real Estate](/en_GB/markdownify/node/6256?f%5B0%5D=service%3A10927) - [Restructuring and Insolvency](/en_GB/markdownify/node/6256?f%5B0%5D=service%3A1420) - [Securities Markets](/en_GB/markdownify/node/6256?f%5B0%5D=service%3A1442) - [Sports](/en_GB/markdownify/node/6256?f%5B0%5D=service%3A1430) - [Startups & Open innovation](/en_GB/markdownify/node/6256?f%5B0%5D=service%3A1426) - [Sustainability](/en_GB/markdownify/node/6256?f%5B0%5D=service%3A10921) - [Tax](/en_GB/markdownify/node/6256?f%5B0%5D=service%3A1425) - [Technology, Communications and Digital](/en_GB/markdownify/node/6256?f%5B0%5D=service%3A1436) - [Tourism and Hotels](/en_GB/markdownify/node/6256?f%5B0%5D=service%3A1432) - [Transport, Logistics and Shipping](/en_GB/markdownify/node/6256?f%5B0%5D=service%3A1428) Facet Services detail - [Publications](/en_GB/markdownify/node/6256?f%5B0%5D=publication_type%3A794) - [Newsletters](/en_GB/markdownify/node/6256?f%5B0%5D=publication_type%3A107) - [Garrigues collection](/en_GB/markdownify/node/6256?f%5B0%5D=publication_type%3A101) - [Laws: amendments at a glance](/en_GB/markdownify/node/6256?f%5B0%5D=publication_type%3A104) - [News](/en_GB/markdownify/node/6256?f%5B0%5D=publication_type%3A105) Facet Publication type detail Min Max ## News search engine