## [Tax Newsletter – November 2018](/en_GB/new/tax-newsletter-november-2018) # Tax Newsletter – November 2018 Spain - 12 / 05 / 2018 - - [](https://www.linkedin.com/sharing/share-offsite/?url=https://www.garrigues.com/en_GB/new/tax-newsletter-november-2018) - []() - []() [DOWNLOAD DOCUMENT ![Download](/sites/default/files/inline-images/flecha-abajo.png)](/sites/default/files/noticias/files/tax_newsletter_november_2018_0_0.pdf) Previous Next ![](/sites/default/files/noticias/img/nl-tributario-noviembre-2018.jpg) ## [**Tax auditors are only allowed to review the neutrality regime at the company electing it**](https://www.garrigues.com/en_GB/new/tax-auditors-are-only-allowed-review-neutrality-regime-company-electing-it) A TEAC decision rejected the argument that the tax agency is allowed to audit the shareholders that made a contribution of a line of business to a company because verification of the requirements to elect the special deferral regime must be carried out at the beneficiary company. [****KEEP READING****](https://www.garrigues.com/en_GB/new/tax-auditors-are-only-allowed-review-neutrality-regime-company-electing-it) ### [**Judgments**](https://www.garrigues.com/en_GB/new/tax-newsletter-november-2018-judgments) - **Controlled transactions.-** Taxable persons not having a duty to document their controlled transactions may be subject to penalties under the general penalty regime in the General Taxation Law - **Corporate income tax.-** Banks’ input VAT on goods purchased to be delivered as income in kind to customers is not deductible - **Transfer and stamp tax.-** The tax base in the winding up of a community property system is the amount allocated to each owner - **Tax on increase in urban land value.-** The expenses associated with a property purchase increase the cost price - **Requests for information.-** A general request for information on the legal profession as a whole is precluded by the law - **Cadaster procedure.-** The cadaster is not allowed a third chance to value a property - **Review procedure.-** The tax authorities must apply the accepted interpretations for one tax to other taxes [****VIEW MORE****](https://www.garrigues.com/en_GB/new/tax-newsletter-november-2018-judgments) ### [**Decisions and rulings**](https://www.garrigues.com/en_GB/new/tax-newsletter-november-2018-decisions-and-rulings) - **Personal income tax.-** The burden of proof in relation to tax on per diems must lie, generally, with the payer - **Personal income tax.-** Income obtained from the sale in installments of a client list after ceasing operations may be recognized as the price is collected - **VAT.-** Clarification of the requirements for the exemption in financial transactions and in ancillary services to insurance mediation companies - **Administrative procedure.-** Notices may be served on the person appearing as director of a company at the commercial registry [**VIEW MORE**](https://www.garrigues.com/en_GB/new/tax-newsletter-november-2018-decisions-and-rulings) ### [**Legislation of interest**](https://www.garrigues.com/en_GB/new/tax-newsletter-november-2018-legislation-interest) - Latest amendments to the VAT Directive regarding the reverse charge mechanism and the applicable VAT rates on electronic books - Lenders will pay stamp tax on mortgages and will not be able to deduct it for corporate income tax purposes - Approval of the reform of the economic and tax regime of the Canary Islands - Amendments to forms 303, 322, 390 and 347 - Approval of implementing regulations for various articles of the Regulations on Excise and Other Special Taxes [**VIEW MORE**](https://www.garrigues.com/en_GB/new/tax-newsletter-november-2018-legislation-interest) ### **Miscellaneous** - The Tax Agency clarifies the procedure for yachts entering and leaving EU Customs territory [**VIEW MORE**](https://www.garrigues.com/en_GB/new/major-news-concerning-arrival-or-departure-yachts-eu-customs-territory) [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]() - 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