## [Tax Newsletter - October 2020](/en_GB/new/tax-newsletter-october-2020) # Tax Newsletter - October 2020 España - 11 / 03 / 2020 - - [](https://www.linkedin.com/sharing/share-offsite/?url=https://www.garrigues.com/en_GB/new/tax-newsletter-october-2020) - []() - []() [DOWNLOAD NEWSLETTER ![Download](/sites/default/files/inline-images/flecha-abajo.png)](/sites/default/files/noticias/files/tax_newsletter_october_2020.pdf) Previous Next ![](/sites/default/files/noticias/img/newsletter_tributario_octubre_2020_3.jpg) ## [**Beneficial owner principle not applicable if not expressly allowed by tax treaty**](https://www.garrigues.com/en_GB/new/beneficial-owner-principle-not-applicable-if-not-expressly-allowed-tax-treaty) Supreme Court draws this conclusion because an interpretation guideline supplied by the commentaries on the OECD model tax convention cannot invalidate the contents of a tax treaty agreed between signing states. [**KEEP READING**](https://www.garrigues.com/en_GB/new/beneficial-owner-principle-not-applicable-if-not-expressly-allowed-tax-treaty) ### [**Judgments**](https://www.garrigues.com/en_GB/new/tax-newsletter-october-2020-judgments) - **International tax evasion and tax fraud.-** A request for information issued in the context of an information exchange request from another member state must be able to be challenged by the owner of the requested information - **Corporate income tax.-** It is contrary to EU law to establish a different double taxation tax credit mechanism depending on the residence of the paying entity - **Corporate income tax.-** The neutrality regime cannot be denied for transactions in which the only tax advantage is the deferral regime itself - **Personal income tax.-** The exemption for reinvestment in the taxpayer’s principal residence is confirmed at the time of the exchange for a future building - **Transfer and stamp tax.-** In contributions of buildings with assumption of liabilities there are two agreements for the purposes of Transfer and stamp tax - **Transfer and stamp tax.-** Transfers of remaining ownership share are subject to transfer tax if the property is divisible or if they can be avoided or reduced by making a different allocation - **Transfer and stamp tax.-** A stamp tax lien does not have to be noted with the entry for the property because this tax is not levied on the transfer - **Transfer and stamp tax.-** A horizontal division before termination of co-ownership is not subject to stamp tax due to being an inescapable prior element to be able to end the condominium - **Excise tax on spirits and alcoholic beverages.-** Even if the report submitted to apply for a refund of the tax is incomplete, entitlement to a refund of the tax does not disappear if substantive requirements are met - **Cadastral values.-** The penalty required in the cadastral regulations for failure to report alterations to the physical or economic characteristics of a property takes priority over that determined in the General Taxation Law - **Collection procedure.–** In recovery of state aid late-payment interest is governed by EU legislation - **Enforcement procedure.-** Unjustified delays by tax authorities in receipt and enforcement of decisions and judgments partially upholding claims may lead to right to assess becoming statute-barred [**VIEW MORE**](https://www.garrigues.com/en_GB/new/tax-newsletter-october-2020-judgments) ### [**Decisions**](https://www.garrigues.com/en_GB/new/tax-newsletter-october-2020-decisions) - **Transfer pricing.-** Not all transfer pricing adjustments require a secondary adjustment - **Corporate income tax.-** Quantification of tax credit base for R&D&I activities is not binding on tax authorities - **Administrative procedure.-** Right to a refund of tax incorrectly paid can be tolled as a result of activities carried out on other parties - **Audit procedure.-** Tax auditors must give proper reasons for using indirect assessment method - **Enforcement procedure.-** The period for issuing a second assessment after a decision fully upheld is the general statute of limitations [**VIEW MORE**](https://www.garrigues.com/en_GB/new/tax-newsletter-october-2020-decisions) ### [**Resolution requests**](https://www.garrigues.com/en_GB/new/tax-newsletter-october-2020-resolution-requests) - **Corporate income tax.-** Dividends paid before joining a tax group cannot be eliminated to calculate the capitalization reserve - **Corporate income tax.-** Minimum holding period to be eligible for the exemption provided in article 21 of Corporate Income Tax Law does not include the time the interest was owned by a related party who is an individual - **Personal income tax.-** To be eligible to apply the exemption for work performed abroad it is irrelevant how intragroup services have been priced - **Nonresident income tax.-** The migration of an LLC to Spain is not subject to tax in this country - **Wealth tax.-** DGT analyzes various issues related to family business exemption for businesses engaged in property leasing - **Tax on economic activities.-** The activity of buying and selling securities for a company's own benefit is not subject to the tax on economic activities [**VIEW MORE**](https://www.garrigues.com/en_GB/new/tax-newsletter-october-2020-resolution-requests) ### [**Legislation**](https://www.garrigues.com/en_GB/new/tax-newsletter-october-2020-legislation) - The laws on the tax on financial transactions and on the tax on certain digital services have been published - Publication of the reference rates for calculating the annual equivalent rate for fourth calendar quarter of 2020, for the purpose of characterizing certain financial assets for tax purposes [**VIEW MORE**](https://www.garrigues.com/en_GB/new/tax-newsletter-october-2020-legislation) ### [**Miscellaneous**](https://www.garrigues.com/en_GB/new/european-union-updates-tax-haven-blacklist) - European Union updates tax haven blacklist [**VIEW MORE**](https://www.garrigues.com/en_GB/new/european-union-updates-tax-haven-blacklist) [Tax](/en_GB/tags/tax), [Spain](/en_GB/tags/spain) ### 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 - 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